21 December 2021

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

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

NEW YORKDec. 21, 2021 /PRNewswire/ -- Mitiga, the cloud incident response company, today 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.

"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."

"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."

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.

About Blackstone
Blackstone is the world's largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $731 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.

About Mitiga
Mitiga's technology and services lower the impact of cyber breaches and optimize readiness for cloud and hybrid incidents and accelerate both response and recovery times when incidents occur. Importantly, Mitiga's readiness prioritization also increases resiliency for future incidents. Mitiga's shared-responsibility model is unique. Unlike others, who charge additional fees for incident response and recovery, Mitiga subscribers face no add-on fees. For more information, visit www.mitiga.io.

 “Our patented see-through display technology is the key enabler for augmented reality devices such as smart-glasses where weight, display quality and form factor are key attributes. These can be best realized by feather-weight single-layer optics which is our unique forte and we are now gearing to scale these capabilities for mass production for our customers forthcoming consumer offerings” said Antti Sunnari, co-founder and CEO of Dispelix.  “This new investment will allow us to serve more OEM customers better and faster, as their trusted and dedicated waveguide partner.” 

“Dispelix’ see-through displays are the lightest and thinnest on the market and maintain vivid colors, image quality and wide field-of-view” commented Juuso Olkkonen, CTO and co-founder of the company.  “Our team of world-class scientists and engineers continue to push the boundaries of what’s possible with our arsenal of unique software and hardware technologies - fundamentally changing the way nanophotonics based waveguides are designed and delivered.

 “We invested in Dispelix as they have a unique mix of technologies that delivers a superior end-user experience for mixed reality smart-glasses and other AR devices - offering the lightest, lowest power and highest resolution displays” said Paul Murray, Partner with Atlantic Bridge. “Their ability to scale these benefits for their growing list of OEMs will be a key enabler in the adoption of next generation mixed reality platforms and to help deliver on the promise of the Metaverse”

The Dispelix offerings, with 43 granted or pending patent families currently being integrated into an increasing number of consumer products under development by the company’s OEM customers – these products are expected to hit the market during 2023.

 

About Dispelix

Dispelix is a global leader in waveguide  design technology.  Dispelix designs and manufactures the best diffractive single layer, full color waveguide displays in the world.  Its patented DPX waveguides unlock freedoms in AR design with unmatched image quality, performance and efficiency. Led by the world’s most sought-after experts in optics, photonics and manufacturing, Dispelix powers AR experiences that push boundaries. Dispelix is located in Finland, China, Taiwan with US headquarters in San Francisco.  Learn more at www.dispelix.com

 

About Atlantic Bridge

Atlantic Bridge is a global technology investment firm with over €1.2 billion of assets under management across seven funds, investing in deep tech companies in Europe and the U.S. Atlantic Bridge supports portfolio companies in scaling internationally with a global investment team and offices across London, Palo Alto, Dublin, Munich and Paris. For more information, visit http://www.abven.com

 

About CCB Trust

China Construction Bank Corporation, headquartered in Beijing, is a leading large-scale commercial bank in China. Its predecessor, China Construction Bank, was established in October 1954. It was listed on the Hong Kong Stock Exchange in 2005 and the Shanghai Stock Exchange in 2007. At the end of 2020, the Bank’s market capitalization reached US$191,889 million, ranking fourth among all listed banks in the world. For more information, visit ccb.com