India, Aug. 4 -- Cyber insurance startup Mitigata has raised $5.9 Mn (around INR 51.6 Cr) in its Series A funding round led by Nexus Venture Partners.

The round also saw participation from existing investors, including Titan Capital and WEH Ventures.

The Bengaluru-based startup plans to deploy the freshly raised funds in accelerating the development of its AI-based management and risk platform, enhance its cyber security solution suite and expand its footprint locally as well as internationally.

It will also focus on talent acquisition across segments, including security, insurance and compliance.

Mitigata is also aiming to set up global security operations centres (SOCs) in Bengaluru, Mumbai and Delhi to scale its AI-based solutions,...