Ransomware defense company Mimic has announced raising $50 million in a Series A funding round that brings the total raised by the company to $77 million.
The new investment round was led by Google Ventures (GV) and Menlo Ventures, with additional support from existing investors Ballistic Ventures, Shield Capital, Team8, and Wing Ventures.
Founded in 2023, the Palo Alto, California-based startup has built a ransomware-focused platform that can detect attacks early and stop them in real time, before they can harm critical enterprise assets.
Relying on detection technology that targets ransomware exclusively and focused on combating cyber extortion, the company also provides rapid recovery to a clean environment that mimics the impacted one.
In addition to the fresh funding, Mimic also announced Signal Generator, a new capability that allows organizations to safely simulate the impact of ransomware on their environments, to improve their security posture as necessary.
Furthermore, the company has announced that Mandiant founder and former CEO Kevin Mandia has joined its board of directors, and industry veteran Greg Davison has been appointed head of revenue.
“Mimic’s ability to detect and deflect ransomware so much faster than traditional defenses is unique in the market. We believe Mimic’s capabilities, combined with their use of AI, will become part of every CISO’s minimum required defense strategy,” GV general partner Karim Faris said.
The Series A investment round was closed less than a year after Mimic came out of stealth mode with $27 million in seed funding.
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