California-based Elisity, a cybersecurity platform, announced that it raised USD 26 Million in a Series A funding round. This funding round was co-led by AllegisCyber Capital and Two Bear Capital. 

This round also saw the participation of previous investors, Atlantic Bridge and  Panaseer. The CEO of the company stated that the capital raised will be used to scale the footprint and accelerate customer acquisition and Resource and Development. 

Words from Investor – 

“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 enacting a zero-trust model and 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.” – Mike Goguen, founder and managing partner at Two Bear Capital. 

About Elisity – 

Elisity was initiated by Burjiz Pithawala, Sundher Narayan, and Srinivas Sardar in the year 2018. All of the founders were part of leadership roles at Cisco.

The company offers a product suite that is developed and optimized to secure confidential data while certifying access. Elisity merges the pattern of zero trust access, which means no user is trusted by default from either inside or outside the network, and a defined perimeter to authorize devices, users, apps on the basis of policies before they can indulge with critical resources. 

The access is then monitored by an algorithm based on AI that monitors, analyzes flow, and tracks user behaviour to make recommendations and discover all of the assets of the organisation to build an encrypted mesh between network probes and cloud services panel.

Words from the CEO – 

“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,” said Winebrenner. 

“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[ise] 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.” –  he added.

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