Cyber insurance startup Mitigata has raised $5.9 million (INR 51.6 Cr) in its Series A funding round to scale up its AI-powered risk and cybersecurity platform.

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Nexus Venture Partners led the round, with continued support from existing investors Titan Capital and WEH Ventures.

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Founded in 2021 by Mohit Anand, Sarthak Dubey, Mayank Morya, and Akshit Kaushik, Mitigata leverages AI to offer cybersecurity and cyber insurance solutions.

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The startup offers a full spectrum of cyber services, including SOC monitoring, VAPT, CERT-In audits, digital forensics, and incident response.

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Mitigata plans to strengthen its AI-based management and risk platform while expanding its product offerings and user base across India and globally.

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The funds will also be used to set up Security Operations Centres (SOCs) in Bengaluru, Mumbai, and Delhi to deliver faster, smarter security services.

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The company is actively hiring in cybersecurity, insurance, and compliance domains to build a high-impact team for growth and innovation.

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With a uniquely Indianised approach, Mitigata merges cybersecurity and insurance into a single, cost-effective solution for Indian businesses.

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