Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cloud Security

Mitiga Banks $30M Series B to Expand Cloud and SaaS Security Platform

New York/Israel startup selling threat detection, investigation, and response tools raised $30 million in a Series B led by SYN Ventures. 

Mitiga, a New York/Israel startup selling threat detection, investigation, and response tools for cloud and SaaS environments, has banked $30 million in a Series B funding round led by SYN Ventures. 

The funding brings the total raised by Mitiga to $75 million and includes expanded equity stakes for venture capital firms ClearSky, Atlantic Bridge, Flint Capital, DNX Ventures, and Glilot Capital Partners.

The company said the new capital will be used to expansion efforts across North America and Europe, alongside investments in its AI-powered platform, additional cloud and SaaS integrations, and strategic alliances. 

The company plans to grow its sales and marketing teams to support these initiatives.

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. 

Mitiga claims it reduces response times by over 90% compared to traditional approaches.

Related: Watch on Demand: Threat Detection and Incident Response (TDIR) Summit

Advertisement. Scroll to continue reading.

Related: Lumu Raises $30 Million for Threat Detection and Response Platform

Related: Cisco to Acquire Threat Detection Company SnapAttack

Related: Cloud Forensics Startup Mitiga Completes $45M Series A  

Written By

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.

Discover strategies for vendor selection, integration to minimize redundancies, and maximizing ROI from your cybersecurity investments. Gain actionable insights to ensure your stack is ready for tomorrow’s challenges.

Register

Dive into critical topics such as incident response, threat intelligence, and attack surface management. Learn how to align cyber resilience plans with business objectives to reduce potential impacts and secure your organization in an ever-evolving threat landscape.

Register

People on the Move

Cyber exposure management firm Armis has promoted Alex Mosher to President.

Software giant Atlassian has named David Cross as its new CISO.

Dan Pagel has been named the new CEO of risk management and remediation firm Brinqa.

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.