Samsung Next Invests In Mitiga, Brings Total Funding to $45M

Financing Will Help Support Increasing Customer Demand While Continuing to Transform Incident Response for Cloud and SaaS Environments.

NEW YORK, March 14, 2023 – Mitiga, the cloud and SaaS incident response leader, today announced the completion of a Series A Round bringing total funding to $45 million led by ClearSky Security, with participation from Samsung Next and existing investors Blackstone, Atlantic Bridge and DNX. This news comes on the heels of Mandiant’s former President/COO, John Watters, joining Mitiga as an independent board member.

“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.”

Mitiga will use the investment to accelerate its growth, helping to meet the high demand for cloud incident response services from the overwhelming number of organizations that now rely on cloud and SaaS environments—because today's harsh reality is that cloud attacks are inevitable. Mitiga’s modern approach offers cloud-driven companies a new level of cyber and organizational resilience. By enabling ongoing readiness and compressing the investigation time from weeks or months to hours, Migita's solution reduces incident-related damage and gets customers back to business fast.

“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” stated Tal Achituv, CTO, Samsung Next. “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.”

LAST UPDATED:

October 17, 2023

Don't miss these stories:

Cyber Trends for 2024: What Security Leaders Should be Executing Next

As we hurtle into this new year, it’s already clear that there is an evolving set of cyber risks that organizations will need to contend with successfully to manage threats and grow their organizational resilience in 2024. Below, I’ll outline three of the biggest ones, sharing recommendations and execution checklists that can help enterprises enhance their threat readiness and elevate security postures as the threat landscape continues to evolve.

How to Protect Your Business From the Most Dangerous Cyberthreats

Ransomware attacks are on the rise, and it now more important then ever to be prepared. Be prepared by having an up-to-date incident response plan. Learn more.

Stop Ransomware Attackers From Getting Paid to Play Double-Extortionware Games

In the past, many companies relied on backups to get back to business quickly if they were attacked. Reliable, secure backups separated from the primary environment made it much more difficult for an attacker to access and encrypt them. That long-standing process no longer deters double-extortionware actors — instead, today’s attackers not only encrypt the data but also exfiltrate it.

SEC Cyber Disclosure Rule FAQ: What Leaders are Asking Us

The U.S. Securities and Exchange Commission (SEC) recently implemented a new rule mandating stringent cybersecurity incident reporting and disclosure requirements for public companies.

Log4Shell - identify vulnerable external-facing workloads in AWS

Cloud-based systems should be thoroughly searched for the new Log4j vulnerability (CVE-2021-44228). But this is a daunting task, since you need to search each and every compute instance, from the biggest EC2 instance to the smallest Lambda function. This is where Mitiga can help.

For Incident Response, Give Peacetime Value a Chance

As an IR vendor, it is important to keep your customers up to date and prepared between breach attempts. Learn how to increase your peacetime value now.