Source: www.securityweek.com – Author: SecurityWeek News
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
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Original Post URL: https://www.securityweek.com/mitiga-banks30m-series-b-to-expand-cloud-and-saas-security-platform/
Category & Tags: Cloud Security,Funding/M&A,cloud,SaaS,Series B,SYN Ventures,TDIR – Cloud Security,Funding/M&A,cloud,SaaS,Series B,SYN Ventures,TDIR
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