On 14th March, Mitiga announced that it has raised funds of amount $45 Mn in a Series A funding round which was led by ClearSky Security. In this round, major companies like Blackstone, Samsung Next, DNX, and Atlantic Bridge participated.
Mitiga is a cloud-based security company that provides services based on the subscription model to assist companies across the world to be prepared for any type of SaaS or cloud attack.
Tal Mozes- CEO, and Co-founder of Mitiga said that they will be using fresh cash to develop their products and expand Mitiga’s workforce. With the Series A funding, the valuation of Mitiga has crossed $100 Mn.
Mozes, in an interview with TechCrunch said, “The pandemic accelerated cloud and SaaS adoption without growing organizations’ capabilities and talent at the same rates, in order to successfully handle a rising tide of cloud and SaaS incidents. This inequity created a huge need to build a scaled solution — and that’s exactly what we did. The company is well-positioned today to run for years without additional funds if needed.”