"We’ve built a module we call 'forensics as code” that enables our researchers to automate the work of incident response and threat hunts," Mozes said. Using a library of cloud attack scenarios, Mitiga hunts for attacks in the forensics data, managing and orchestrating the response in real time. The service analyzes cloud forensics data for investigation, storing forensics data from various clouds and software-as-a-service apps. Mitiga's different in that it takes a "modern" approach to cloud incident response, Mozes asserts. The segment, he avers, is still dominated today by professional services companies applying old-school approaches to cloud cybersecurity. Mozes says that the team was initially motivated by a desire to fill what they saw as a gap in the incident response industry: solutions designed for cloud and SaaS.
Mozes and Maor previously spearheaded Hacktics, a penetration test company that was acquired by Ernst & Young over a decade ago, and Seeker Security, an app security automation product Synopsys bought in 2015. Tel Aviv-based Mitiga was founded in 2019 by Mozes, Ofer Maor and Ariel Parnes, a retired colonel from Israel Defense Forces. The company is well-positioned today to run for years without additional funds if needed." " This inequity created a huge need to build a scaled solution - and that's exactly what we did. "The pandemic accelerated cloud and SaaS adoption without growing organizations' capabilities and talent at the same rates, in order to successfully handle a rising tide of cloud and SaaS incidents," Mozes told TechCrunch in an email interview. The Series A values Mitiga at over $100 million. Mitiga today announced that it raised $45 million in a Series A round led by ClearSky Security with participation from Samsung Next, Blackstone, Atlantic Bridge and DNX.Ĭo-founder and CEO Tal Mozes says that the fresh cash will be put toward product development and expanding Mitiga's 56-person workforce.
See: Mitiga, a cloud security firm that offers a subscription-based service to help companies prepare for cloud and software-as-a-service (SaaS) attacks. executives by PwC, cloud-related risks were top of the cybersecurity agenda, with 39% respondents expecting such security risks to "significantly affect" their organization in the coming months.įor some startups, that's been good for business. The accelerated cloud adoption led to a rise in security issues. According to a 2021 survey from O’Reilly, cloud adoption steadily rose across industries, with 90% of organizations using cloud computing compared to 88% in 2020. Companies moved en masse to the cloud during the pandemic, under pressure to digitally transform.
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