Bengaluru-based AI startup Mitigata has raised $5.9 million in a Series A funding round led by Nexus Venture Partners, aiming to expand its AI-driven cyber resilience platform.
In a significant development in India’s cybersecurity ecosystem, Mitigata, a cyber resilience startup, has raised $5.9 million in Series A funding. The round was led by Nexus Venture Partners, with participation from Pravega Ventures, RTP Global, and Venture Highway, according to multiple reports.
Founded in 2023 and headquartered in Bengaluru, Mitigata focuses on helping businesses proactively manage cybersecurity threats through an AI-powered platform. The fresh capital will be used to scale its engineering and AI teams, expand go-to-market initiatives, and strengthen platform capabilities to serve enterprises and critical infrastructure providers.
What Mitigata Does
Mitigata's platform integrates AI and cybersecurity expertise to deliver a comprehensive approach to cyber resilience. It doesn’t just monitor threats—it also facilitates recovery and learning from cyber events. This includes a proactive risk dashboard, real-time incident response capabilities, and post-breach analysis.
“Our mission is to make every enterprise cyber resilient, especially as India undergoes rapid digital transformation,” said Ashwin Hegde, co-founder and CEO of Mitigata, in a press statement.
The startup’s tools are reportedly being adopted across sectors such as banking, telecommunications, and healthcare, all of which face increasing cyber threats amid growing digitization.
Why This Matters Now
The funding comes at a time when AI and cybersecurity are converging rapidly, and enterprise demand for robust, intelligent systems is surging. India has seen a significant increase in cyberattacks, with the CERT-In (Indian Computer Emergency Response Team) reporting over 1.3 million incidents in 2023 alone.
According to a report by PwC, 60% of Indian companies have ramped up investments in cyber resilience over the past two years. Mitigata’s AI-led approach appears to be tapping into this growing demand.
“Mitigata is addressing a major gap in enterprise cybersecurity with a forward-thinking, AI-first approach,” said Nexus Venture Partners in a statement. “We’re excited to support the team as they build critical cyber infrastructure for the next decade.”
India's Cybersecurity Funding Sees Momentum
This funding also highlights the growing investor confidence in AI-native Indian startups focused on cybersecurity. In 2024 alone, over $200 million was reportedly raised by cybersecurity companies across India, as VCs identify data protection and compliance readiness as major pain points.
What sets Mitigata apart is its “resilience-first” philosophy, aiming not just to prevent breaches but to ensure companies recover and evolve from them.
The company plans to use the funds to expand in key geographies, deepen product capabilities, and build new AI features tailored to compliance-heavy industries.
Looking Ahead
Mitigata’s funding marks a milestone for India’s AI-led cybersecurity ecosystem. As regulations around data sovereignty and digital infrastructure tighten, demand for intelligent, automated, and scalable solutions is only expected to grow.
The startup is currently onboarding large Indian enterprises and aims to foray into Southeast Asian markets in the near future.
In an era of rising threats and shrinking response windows, Mitigata positions itself not just as a shield, but as a system that learns, adapts, and prepares companies for the unknown.