Mitigata, a Bengaluru-based cyber resilience and insurtech startup, has raised $15M (approximately Rs 141 Cr) in a Series B funding round led by Bessemer Venture Partners, as publicly reported on June 23, 2026. The round also saw participation from existing and new backers, reinforcing growing investor confidence in India’s enterprise cybersecurity market.
Quick Highlights
- Founders: Mohit Anand, Sarthak Dubey, Mayank Morya, Akshit Kaushik
- Lead Investor: Bessemer Venture Partners
- Participating Investors: Nexus Venture Partners, Titan Capital, WEH Ventures
- Investor Background: Bessemer Venture Partners is a global multi-stage venture firm with a track record of backing enterprise technology and cybersecurity companies
- Headquarters: Bengaluru, Karnataka
- Announcement Date: June 23, 2026
Funding Breakdown
Use of Funds
Mitigata plans to deploy the Series B capital across three primary areas: expanding into international markets, scaling its security operations centre (SOC) capacity at its existing facilities in Bengaluru and Delhi, and growing its workforce by over 100 employees across engineering, AI research, and cybersecurity functions over the coming year.
Funding Timeline
This Series B of $15M (~Rs 141 Cr) is the most recently disclosed funding round for Mitigata, as publicly reported in June 2026. No prior round details are available in public records at this time.
Expansion Plans
Mitigata is targeting entry into the Middle East, MENA, Southeast Asia, and the United States as part of its international growth strategy. On the talent front, the company intends to add more than 100 professionals across engineering, AI research, and cybersecurity disciplines within the next year, signalling a significant operational scale-up alongside its geographic push.
Significance
Mitigata holds a distinctive position as India’s first IRDAI-regulated insurance broker focused exclusively on cyber risk — a regulatory milestone that sets it apart in a crowded cybersecurity landscape. The company’s reported 12x revenue growth over the past year, combined with a client base of over 800 enterprises and more than one million security incidents processed, signals strong product-market fit at scale. The Series B comes at a time when cyber threats targeting enterprises in emerging markets are intensifying, making a regulated, combined insurance-and-response model increasingly relevant. Bessemer’s lead participation further validates the thesis that integrated cyber resilience platforms — bridging security operations with financial risk transfer — represent a meaningful category in global insurtech.
These details have been verified against multiple publicly available reports as of June 23, 2026.
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Disclaimer: This report is compiled from publicly available sources and is for informational purposes only; funding figures are as publicly reported and may be subject to change.
