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Mitiga Raises $45 million for Cybersecurity

Mitiga

Mitiga Team. (company photo Omer Hacohen)

Mitiga, an Israeli startup that offers cybersecurity solutions for cloud and SaaS incident responses, completed a $45 million Series A Round of funding led by ClearSky Security, with participation from Samsung Next and existing investors Blackstone, Atlantic Bridge and DNX. Leave it to an Israeli cybersecurity firm to buck the current trend of cutbacks due to the worldwide financial crisis and bring in the big money.

Startup Nation Israel is known for its security companies like Mitiga. The Israel Defense Forces’ vaunted 8200 cyber security unit produces many new high tech security experts. With the Corona Virus forcing everyone to work from home, communicate through applications like Zoom and use all manner of software as a service programs online security is more important than ever.

Also, hackers are not only motivated by money or politics. They often just like being malicious. So even small companies need to be on their guard and be sure to properly protect their systems.

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And everything is going into the cloud these days. Do you use Google Docs or any of the other Google services? Well, then all of your files are stored on servers located around the world. The same thing is also now true with MS Office which offers customers cloud-based software services. Notebook computers have always had a limited storage capacity. And more and more people are switching to tablets which do not offer the same services as a computer. So cloud services will soon be standard.

Founded in 2019 by CEO Tal Mozes, Ofer Maor, and Ariel Parnes, Mitiga boasts that its cloud-oriented technology platform and its dynamic-readiness approach enable customers not only to rapidly complete the investigation, response, and recovery stages when a cloud security incident occurs but also to increase their resiliency for a future attack.

“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,” stated Tal Mozes, co-founder and CEO, Mitiga. “We knew we could do it better than traditional incident response (IR) solutions because they’re reactive by nature and tremendously time-consuming. Our proactive and automated approach enables organizations that experience cloud and SaaS breaches to respond immediately and recover faster than any other solution on the market. We are thrilled to include Samsung Next as one of our investors and look forward to our next growth phase in 2023 and beyond.”

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