Mimic, a Palo Alto, CA-based enterprise ransomware defense company, has raised $50 million in Series A funding.
Investors
The round was led by GV (Google Ventures) and Menlo Ventures, with participation from Ballistic Ventures, Team8, Wing Ventures, and Shield Capital.
Founded in 2009, GV is Alphabet's venture capital arm based in San Francisco, focusing on the enterprise, life sciences, consumer, and frontier technology sectors. With offices in Cambridge, London, and New York, GV manages over $10 billion in assets and supports 400 active portfolio companies across North America and Europe.
Menlo Ventures, an early-stage venture capital firm, invests at the forefront of AI innovation. Currently managing over $6 billion in assets, the firm focuses on investments across the consumer, enterprise, and healthcare sectors.
Mimic Use of Funds
The funds will support the company's efforts to accelerate combating ransomware.
About Mimic
Led by CEO Derek Smith, Mimic provides a SaaS platform specifically designed to combat ransomware and cyber extortion. The platform focused on early detection, deflection, and rapid recovery from ransomware attacks. Its Mimic Signal Generator is a tool that allows customers to test and validate their cybersecurity defenses without the risk of handling actual malware. Founded in 2023, Mimic is headquartered in Palo Alto, California.
Funding Details
Company: Mimic Networks, Inc.
Raised: $50M
Round: Series A
Funding Date: February 2025
Lead Investor: GV
Additional Investors: Menlo Ventures, Ballistic Ventures, Team8, Wing Ventures, Shield Capital
Company Website: https://mimic.com/
Software Category: Ransomware Defense
Source: https://www.prnewswire.com/news-releases/ransomware-defense-company-mimic-announced-that-it-raised-a-50m-series-a-led-by-google-ventures--menlo-ventures-former-mandiant-ceo-kevin-mandia-joined-its-board-and-greg-davison-joined-as-head-of-revenue-302386830.html