Cloud incident response nets another $45M with Mitigaâs latest funding
Venture Beat – Tim Keary
The announcement not only comes as cloud adoption is increasing, but as cloud breaches are rising, with 45% of organizations experiencing a data breach or failed audit involving data and applications in the cloud 2022 versus 35% in 2021.

Mitigaâs solution falls loosely within the global incident response market, which ResearchandMarkets estimates will reach a value of $119.39 billion in 2030 as more organizations attempt to keep up with modern cybercrime.

One of Mitigaâs most relevant competitors is Cado Security, which just last week announced it raised $20 million in funding for its own automated cloud incident response solution. The tool automatically collects forensic level data across cloud, container and serverless environments.

Mitiga also competes against larger organizations like Palo Alto Networks, which offers Cortex XDR, a tool using machine learning to identify malicious activity including malware infection, data exfiltration and credential stuffing through the use of behavioral analytics.

However, Mozes argues that Mitigaâs team of cloud forensic experts sets it apart from its competitors.
Link: https://venturebeat.com/security/cloud-incident-response-nets-another-45m-with-mitigas-latest-funding/