NYC-based cybersecurity firm Mitiga announced Tuesday that it raised $38 million in Series A financing, bringing its total funding to $45 million.
The Series A round was led by ClearSky Security. Samsung Next also participated in the round, joining existing investors Blackstone, Atlantic Bridge and DNX.
Mitiga specializes in protecting cloud and SaaS environments. The company said its proactive, automated approach to cybersecurity can help businesses recover 90 percent faster than traditional incident response approaches.
“When we founded Mitiga, we had one goal in mind — to help organizations accelerate their responses to the rising tide of cloud and SaaS attacks,” Mitiga co-founder and CEO Tal Mozes said in a statement. “We knew we could do it better than traditional incident response solutions because they’re reactive by nature and tremendously time-consuming.”
The company said it will use its new Series A funding to accelerate its growth. A company representative told Built In that it plans to scale its 60-person team by 10 or 15 percent this year.
“As more and more companies are advancing their cloud journeys, they’re beginning to understand that growing their cyber resiliency is a vital part of that transformation,” Samsung Next CTO Tal Achituv said in a statement. “Mitiga’s modern incident response solution combined with the team’s deep cloud forensics expertise enables companies to prepare for cloud breaches before they happen — so they get back to business immediately. It’s an important capability, and we’re happy to be supporting Mitiga to enable it.”
