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Blackstone Invests in Mitiga’s Cloud Incident Readiness and Response Solution

Mitiga, the cloud incident response company, announced that Blackstone Innovations Investments has participated in Mitiga’s Series A financing round, joining ClearSky, Atlantic Bridge and DNX.

Organizations worldwide rely on Mitiga’s solution to reduce the impact of cloud attacks by optimizing their incident readiness and resilience. Today’s harsh reality is that cloud attacks are inevitable. Mitiga’s focus on readiness and resilience enables companies to dramatically increase their response and recovery capabilities when cloud incidents occur.

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“Although traditional incident response solutions focus on what happens after a breach, Mitiga’s unique solution combines incident readiness and response, helping companies prepare for a breach before it happens,” said Adam Fletcher, Chief Security Officer at Blackstone. “As an investor and a customer, we know how important it is to be prepared before an incident occurs, especially in cloud infrastructure. We look forward to a successful partnership and to the company’s next phase of growth.”

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“Blackstone believes that Mitiga’s solution is truly differentiated in the marketplace and is the first company to build a cloud-centric incident response platform,” said Tal Mozes, Mitiga Chief Executive Officer. “Adam Fletcher has become a trusted partner, and his experience and insights are helping to shape Mitiga’s solutions for tomorrow’s challenges.”

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In adopting Mitiga’s dynamic-readiness approach companies can automate the processes of collecting and analyzing cloud forensics data, eliminating time-consuming data acquisition delays before beginning the incident investigation, response, and recovery.

Importantly, Mitiga’s shared-responsibility business model fundamentally changes the economics of incident response. Instead of charging additional fees for incident response and recovery, Mitiga believes its platform-based solution fully prepares customers for all aspects of a cloud incident and therefore their subscribers face no add-on fees for incident response.

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[To share your insights with us, please write to sghosh@martechseries.com]

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