Mitiga Raises $30M in Series B Funding to Accelerate Cloud Security Expansion in US and Europe

Mitiga Raises $30M in Series B Funding to Accelerate Cloud Security Expansion in US and Europe

Mitiga, a prominent player in the realm of cloud and SaaS threat detection, has successfully raised $30 million in a Series B funding round. This capital influx is set to propel its growth in both North America and Europe, enhancing its robust cybersecurity offerings.

Funding Details and Strategic Goals

The recent investment round was spearheaded by SYN Ventures, with participation from key existing investors such as ClearSky, Atlantic Bridge, Flint Capital, DNX Ventures, and Glilot Capital Partners. The newly acquired funds will enable Mitiga to:

  • Expand into new markets
  • Enhance its AI-driven threat detection platform
  • Bolster its sales and marketing strategies

Mitiga’s Advanced Cybersecurity Solutions

Mitiga focuses on empowering enterprises with comprehensive cybersecurity capabilities that provide visibility and control over their cloud and SaaS environments. Its innovative platform equips security operations teams with vital tools for:

  • Rapid detection of threats
  • In-depth investigation of incidents
  • Effective response to cyber threats

This ensures that organizations maintain resilience against the evolving landscape of cyber risks.

Leadership Appointments

In conjunction with the funding announcement, Mitiga has appointed John Watters as the Executive Chairman and Robert Rodriguez as a Board Director. Watters comes with over 30 years of experience in cybersecurity, having previously served as the President and COO of Mandiant, which was acquired by Google for $5.4 billion. Rodriguez, the chairman and founder of SINET, brings extensive expertise in scaling cybersecurity operations, including roles within the US Secret Service.

Quotes from Leadership

John Watters expressed his enthusiasm about his new role, stating, “Mitiga’s Cloud/SaaS TDIR Platform represents the future of cybersecurity. Cloud, SaaS, and Identity domains have become prime targets for attackers, and Mitiga provides the necessary visibility for enterprises.”

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Co-founder Tal Mozes added, “With John and Robert joining our team, we are better positioned to tackle the complex threats that organizations face in the Cloud and SaaS spaces.”

The Rising Threat Landscape

As breaches in cloud and SaaS environments continue to escalate, businesses are shifting their focus towards compliance and prevention. This change has inadvertently created vulnerabilities that adversaries look to exploit. Mitiga’s capabilities allow customers to:

  • Detect threats over 90% faster than traditional methods
  • Investigate incidents efficiently
  • Respond adeptly to cyber threats

For more information about Mitiga and its services, visit their official website at Mitiga.

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