Team Startupcity

• Mitigata raised $5.9 million in Series A funding led by Nexus Venture Partners to enhance its AI-powered cyber resilience platform.
• The startup offers a full-stack model combining cybersecurity and insurance, tailored for Indian enterprises.
• Funds will support talent hiring, global market expansion, and launch of security operations centres in Bengaluru, Mumbai, and Delhi.

Bengaluru-based cyber resilience startup Mitigata has raised $5.9 million in a Series A funding round led by Nexus Venture Partners, with participation from existing investors Titan Capital and WEH Ventures. The funds will fuel the development of its AI-powered security and risk management platform, talent acquisition, and expansion across key Indian cities and international markets.

Founded in 2021 by Mohit Anand, Sarthak Dubey, Mayank Morya, and Akshit Kaushik, Mitigata delivers an integrated, AI-driven cyber resilience solution tailored for Indian enterprises. The startup aims to bridge the gap between cybersecurity and cyber insurance two areas traditionally treated as separate by most businesses.

“Most businesses still treat cyber insurance and security as separate cost centers, relying on fragmented vendors and siloed solutions”, said Mohit Anand, Co-founder and CEO of Mitigata. “We’ve reimagined and Indianised the model delivering integrated, high-impact cyber resilience that combines security and insurance into a single, cost-efficient solution”.

The fresh capital will be used to strengthen the company’s capabilities across the cyber risk lifecycle, including prevention, mitigation, incident response, and risk transfer. Mitigata also plans to establish three global security operations centres in Bengaluru, Mumbai, and Delhi to scale its AI-led threat detection and managed security services.

Positioned as a managed security services provider (MSSP), Mitigata’s full-stack platform includes proprietary tools such as RELIQ, a cyber risk quantification engine. Its offerings span attack surface monitoring, phishing simulations, threat intelligence, dark web and brand surveillance, digital forensics, and vulnerability assessments. The company also features a 24x7 security operations centre and an AI-driven underwriting engine that automates the structuring and pricing of cyber and liability insurance based on real-time threat intelligence.

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Anand Datta, Partner at Nexus Venture Partners, expressed strong confidence in the startup’s integrated model. “We believe the future of cybersecurity and insurance is a full-stack approach. Mitigata is pioneering an AI-led services model that covers the entire lifecycle from prevention and mitigation to risk transfer. Their model is precisely what Indian enterprises need to thrive securely”.

Mitigata has also built partnerships with several leading insurers, including HDFC ERGO, ICICI Lombard, TATA AIG, Bajaj Allianz, and New India Assurance, further reinforcing its position as a one-stop platform for cyber resilience in India and beyond.