Israeli cloud security startup Mitiga raises $25 million in a Series A round of funding. Mitiga isn’t looking to prevent cyberattacks, it’s looking to help organizations manage their incident response as they transition to hybrid and multi-cloud environments.
Mitiga, a cybersecurity startup, raised $7 million in seed funding last year. Mitiga’s Series A was led by ClearSky Security, Atlantic Bridge, and DNX. The startup will use the funds to “significantly” increase its cybersecurity, engineering, sales, and marketing staff.
The company says the funding comes amid a “changingindset” for enterprise organizations. Cyberattacks on cloud services have increased 630% in the first four months of 2020.
Mitiga is an Israeli-based security company. It provides emergency response to active network security incidents such as ransomware and data breaches. Mitiga was founded in 2019 by Mozes, Ariel Parnes and Ofer Maor. The team of 42 currently works in Tel Aviv with offices in London and New York.