India, June 23 -- Cyber risk and insurance startup Mitigata has raised $15 Mn (about Rs.141 Cr) in its Series B funding round led by Bessemer Venture Partners. Existing investors Nexus Venture Partners, Titan Capital, and WEH Ventures also participated in the round.

The startup plans to use the fresh capital to accelerate its international expansion, upgrade its AI-native technologies, and scale its domestic Security Operations Centre (SOC), which it aims to make India's largest. It also aims to double its current team size by hiring across product, engineering, and customer success divisions.

Founded in 2023 by Mohit Anand, Sarthak Dubey, Mayank Morya, and Akshit Kaushik, Bengaluru-based Mitigata is a full-stack cyber resilience platfo...