Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Funding/M&A

Cloud Forensics Startup Mitiga Completes $45M Series A

Israeli cloud security startup Mitiga adds Samsung Next as an investor in a completed $45 million Series A financing round.

Cloud incident response security startup Mitiga on Tuesday announced the completion of a $45 million Series A funding round that includes the addition of Samsung Next as a new investor.

Mitiga, an Israeli startup building technology to handle incident response in cloud and hybrid environments, originally announced a $25 million Series A in June 2021 with ClearSky as its lead investor. Prior backers Blackstone, Atlantic Bridge and DNX also took equity, the company said.

The company has raised a total of $45 million since its launch in 2020. Mitiga plans to use the investment to speed up growth in a lucrative but competitive marketplace. The company claims its approach can compress a cloud security investigation time from weeks or months to hours and can be used to reduce incident-related damage. 

The Mitiga technology includes a forensic data lake for storing and analyzing data from various SaaS products and automated tools for breach readiness assessments and proactive forensic data acquisition. 

The company said the platform also offers automated threat hunting and cloud incident response management and orchestration capabilities for businesses to speed investigations, minimize impact, and enhance resilience against future attacks.

Related: Thoma Bravo to Buy Magnet Forensics in $1.3B Transaction

Related: Cado Security Banks $20M in Series B Funding

Related: Gem Security Gets $11M for Cloud Incident Response Platform 

Advertisement. Scroll to continue reading.
Written By

Ryan Naraine is Editor-at-Large at SecurityWeek and host of the popular Security Conversations podcast series. He is a security community engagement expert who has built programs at major global brands, including Intel Corp., Bishop Fox and GReAT. Ryan is a founding-director of the Security Tinkerers non-profit, an advisor to early-stage entrepreneurs, and a regular speaker at security conferences around the world.

Click to comment

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Join this event as we dive into threat hunting tools and frameworks, and explore value of threat intelligence data in the defender’s security stack.

Register

Learn how integrating BAS and Automated Penetration Testing empowers security teams to quickly identify and validate threats, enabling prompt response and remediation.

Register

People on the Move

After the passing of Amit Yoran, Tenable has appointed Steve Vintz and Mark Thurmond as co-CEOs.

Former Wiz executive Trish Cagliostro has joined Orchid Security as Chief Revenue Officer.

Transcend has named former UnitedHealth Group CISO Aimee Cardwell as CISO in Residence.

More People On The Move

Expert Insights

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest cybersecurity news, threats, and expert insights. Unsubscribe at any time.