Mitiga bags $25M in Series A to help organizations respond to cyberattacks

Mitiga has raised $25 million in a Series A round of funding as it moves to “completely change” the traditional incident response market. Mitiga is looking to help organizations manage their incident response, particularly as they transition to hybrid and multicloud environments.

The startup says its incident readiness and response tech stack accelerates post-incident bounce back from days down to hours. Its subscription-based offering automatically detects when a network is breached and quickly investigates, collects case data and translates it into remediation steps for all relevant divisions within an organization so they can quickly and efficiently respond. Mitiga also documents each event, allowing organizations to fix the cause in order to prevent future attacks.

Mitiga’s Series A was led by ClearSky Security, Atlantic Bridge and DNX, and the startup will use the funds to “continue to disrupt how incident readiness and response is delivered,” as well as “significantly” increasing its cybersecurity, engineering, sales and marketing staff.

The company added that the funding comes amid a “changing mindset” for enterprise organizations when it comes to incident readiness and response. The pandemic has accelerated cloud adoption, and it’s predicted that spending on cloud services will surpass $332 billion this year alone. This acceleration, naturally, has provided a lucrative target for hackers, with cyberattacks on cloud services increasing 630% in the first four months of 2020, according to McAfee.

Tal Mozes, Co-Founder and CEO of Mitiga, said, “The cloud represents new challenges for incident readiness and response and we’re bringing the industry’s first incident response solution in the cloud, for the cloud. This funding will allow us to further our engagements with heads of enterprise security who are looking to recover from an incident in real time, attract even more of the most innovative cybersecurity minds in the industry, and expand our partner network. I couldn’t be more excited about what Mitiga is going to do for cloud-first organizations who understand the importance of cybersecurity readiness and response.”