- Mitiga raises $30m in Series B funding
- Focus on expanding in the US and Europe
What Happened: Mitiga secures $30m in Series B funding to boost cloud and SaaS cybersecurity
Mitiga, a leading provider of cloud and SaaS (Software as a Service) threat detection, investigation, and response solutions, has successfully raised $30 million in a Series B funding round. The round was led by SYN Ventures, with participation from existing investors including ClearSky, Atlantic Bridge, Flint Capital, DNX Ventures, and Glilot Capital Partners. The funding will fuel Mitiga’s expansion into new markets in North America and Europe, as well as support the enhancement of its AI-driven platform and strengthen its sales and marketing capabilities.
Mitiga’s platform provides enterprises with advanced cybersecurity capabilities, enabling real-time visibility and control over cloud and SaaS environments. It equips security teams with tools for rapid threat detection, investigation, and incident response. The company’s AI-powered platform helps organisations stay resilient against evolving cyber risks in increasingly complex digital environments.
Also read: What is cybersecurity?
Also read: The advantages of SaaS: Streamlining business in the cloud
Why It’s Important
Mitiga’s Series B funding comes at a critical time as cloud and SaaS breaches continue to rise, with attackers targeting vulnerabilities in increasingly complex online environments. Cloud adoption has been growing rapidly, yet many businesses still struggle with visibility and control, creating an opportunity for adversaries to exploit gaps in security. Mitiga’s solutions offer businesses the ability to detect, investigate, and respond to threats faster than traditional cybersecurity approaches, providing a key advantage in protecting critical data and applications.
The fresh capital will help Mitiga scale its platform and further its mission of improving cloud and SaaS security. By strengthening its AI-driven offerings and expanding into key markets, Mitiga is positioning itself to address the urgent need for cybersecurity in the evolving cloud landscape. The appointment of industry veterans like John Watters and Robert Rodriguez to Mitiga’s leadership team further solidifies the company’s potential to drive innovation in the sector.
