Mitiga Raises $30M in Funding, Announces New Chair

Mitiga, which offers threat detection, investigation and response solutions for cloud and SaaS, announced that it raised $30 million in investment as it works to drive exponential growth and broaden its customer base through geographic expansion, new channels and enhanced product capabilities. The new funding is expected to support company growth across the U.S. and Europe, including expanding its sales and marketing teams, enhancing its AI-driven platform, expanding cloud and SaaS integrations and forging new strategic alliances. 

Mitiga also appointed John Watters as executive chairman. Watters brings over 30 years of experience in cybersecurity, building companies and leading M&A. He previously served as president and COO of Mandiant, which was acquired by Google. He is also a venture partner for SYN Ventures, which specializes in cybersecurity investments. He also served as chairman and CEO for iDEFENSE (acquired by Verisign) and iSIGHT Partners (acquired by FireEye), lead investor and board member for Archer Technologies (acquired by RSA) and chairman for Netwitness (Acquired by RSA). 

The company also named Robert Rodriguez – the chairman and founder of SINET and venture partner for SYN Ventures – as a director. Rodriguez is an accomplished venture capital investor and will provide guidance based on his experience of growing cybersecurity companies into global marketplaces. Previously, he served 22 years as a special agent with the U.S. Secret Service. 

“Mitiga’s Cloud/SaaS TDIR Platform represents the future of cybersecurity and I’m proud to be named executive chairman,” said Watters. “Cloud, SaaS and identity domains have been a fruitful playground for attackers as data, infrastructure and risk have shifted to these new domains. In doing so, enterprises often lack visibility and control in this distributed environment. Mitiga delivers this visibility and enables customers to detect, investigate, and automate incident response against threats across those environments.” 

“Mitiga is pleased to appoint John Watters as executive chairman and welcome Robert Rodriguez from SYN Ventures and SINET as a board director,” said Mitiga co-founder, Tal Mozes. “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. Cloud and SaaS breaches are rising as adversaries seek to exploit weaknesses in online systems. Businesses have prioritized compliance and prevention – rather than detection and mitigation – which is creating a white space for adversaries to target. Mitiga’s unique and broad capabilities enable our customers to detect, investigate and respond to threats over 90 percent faster than traditional approaches.” 

“I’m delighted to join Mitiga’s board to support the company’s strategic vision,” said Rodriguez. “The purpose behind Mitiga’s team, platform, and services shows undeniable promise in its ability to enable security teams to detect, investigate and respond to a new class of threats. Our goal is to empower the cybersecurity community to address SaaS and Cloud threats head-on and we are well positioned to drive the cloud security industry forward.”