Elisity seeks to scale cybersecurity platform with $26m Series A raise

US cybersecurity platform Elisity has snared $26m from a Series A funding round to meet growing demand of its cloud-delivered cybersecurity platform.

The funding round was co-led by Two Bear Capital and AllegisCyber Capital and saw participation from previous seed investor Atlantic Bridge. Mike Goguen and Spencer Tall – managing partner of Two Bear Capital and AllegisCyber Capital respectively – will join the Elisity board.

California-headquartered Elisity markets the Elisity Cognitive Trust, which is a platform that enables enterprises to deliver least-privilege access from the cloud to any asset, enforcing policy and nano-segmentation at the edge.

Elisity claims the platform can analyse the unique identity and context of people, devices and apps wherever they’re operating. The platform is also able to understand and adapt security from the edge to the cloud by learning behaviour to assess risk and automatically and continuously optimise protection.

According to Elisity, the recent funding influx will help Elisity scale to meet enterprise demand for its cybersecurity platform.

Elisity CEO James Winebrenner said, “When the security perimeter is no longer the network, we see an incredible opportunity to evolve the way enterprises connect and protect their people and their assets, moving away from strict network constructs to identity and context as the basis for secure access.

“With Elisity, customers can dispense with the complexity, cost and protracted timeline enterprises usually encounter. We can onboard a new customer in as little as 45 minutes, rather than months or years, moving them to an identity-based access policy, and expanding to their cloud and on-prem footprints over time without having to rip and replace existing identity providers and network infrastructure investments. We do this without making tradeoffs between productivity for employees and the network security posture.”

Gougen added, “CISOs are facing ever increasing attack surfaces caused by the shift to remote work, reliance on cloud-based services (and often multi-cloud), and the convergence of IT/OT networks. Elisity addresses all of these problems by not only enacting a Zero Trust model, but by doing so at the edge and within the behavioural context of each interaction. We are excited to partner with the CEO, James Winebrenner, and his team as they expand the reach of their revolutionary approach to enterprise security.”

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