RegTech company Mitiga bags $25m in its Series A round

Mitiga, which claims to be the first cloud-based solution for incident readiness and response within cloud and hybrid environments, has closed its Series A on $25m.

ClearSky, Atlantic Bridge and DNX served as the lead investors to the round.

Funds from the round have been earmarked to improve engagements with enterprise security looking to recover from incidents in real-time.

Mitiga’s platform claims to improve the efficiencies for incident readiness and response. Through its dashboard, clients can better manage their environments and stay on top of incidents.

Furthermore, clients only pay for the services in their subscription.

Its services are used by Fortune 1000, financial service institutions, banks, ecommerce, law enforcement and government agencies.

ClearSky partner and CISO Patrick Heim said, “The increased speed of adoption of cloud platforms has organizations rethinking how they prepare for and react to breaches.

“Organizations are moving away from mostly reactive incident response processes. Newer approaches focus on preparing companies for inevitable incidents with a focus on tools and services that enable rapidly restoring operations and limiting impact. Mitiga is leading the way in building out this new discipline of cloud focused Incident Readiness and Response. We’re excited to be on this journey with them and look forward to transforming the way incidents are managed.”

The RegTech company has raised a total of $32m in funding to date.

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