Cloud incident response company Mitiga Security Inc. today announced that it has raised $30 million in new funding to drive growth, enhance its artificial intelligence-driven platform and forge strategic alliances.

Founded in 2019, Mitiga offers a cloud software-as-a-service incident platform that performs continuous hunts for emerging attacks based on a cloud attack scenario library, a database dedicated to cloud and SaaS multivector hunts. When a breach is detected, the platform, called IR2, provides instant answers to breach-related questions by proactively gathering, organizing and analyzing forensic-level data.

The company’s IR2 platform includes services such as Cloud Security Data Lake, Cloud Threat Hunting, Investigation Workbench and Emergency Cloud Incident Response, with the solutions all designed to help organizations respond promptly to sophisticated attacks in their SaaS and cloud environments.

One of the services, Investigation Workbench, was launched in December 2023 and provides clarity on all multicloud and software-as-a-service activities through a single dashboard. The solution allows security operations center terms to see events across vast cloud and SaaS estates to understand the extent of the activities and impact without possessing deep cloud and SaaS investigation expertise.

The new funding comes at a time of strong growth for Mitiga, with the company securing customers such as Blackstone Inc., ZoomInfo Technologies Inc. and New American Funding LLC.

The funding round was led by SYN Ventures, with existing investors including ClearSky Security, Atlantic Bridge Capital Ltd., Flint Capital Inc., DNX Ventures and Glilot Capital Partners Ltd. also participating.

Alongside the funding announcement, Mitiga also announced two senior appointments, the first of which arguably screams that Mitiga hopes to be acquired at some point in the future.

Joining Mitiga as executive chairman is John Watters, who was previously chief operating officer at Mandiant, which was acquired by Google LLC. He’s also chairman and chief executive officer of iDEFENSE, which was acquired by Verisign Inc., and iSIGHT Partners, which was acquired by FireEye Inc. Watters was also a lead investor and board member of Archer Technologies, which was acquired by RSA Security LLC, and chairman of Netwitness, which was also acquired by RSA.

Also joining Mitiga’s board of directors is Robert Rodriguez, founder and chairman of SINET and venture partner at SYN Ventures.

“Both have an impressive track record in cybersecurity and will help Mitiga achieve our mission of protecting organizations from the insidious and complex threats facing cloud and SaaS data and applications,” said Mitiga co-founder Tal Mozes.

Image: Mitiga