Enterprise edge security platform startup Elisity raises $26M – SiliconANGLE


Enterprise edge security platform startup Elisity Inc. today announced that it has raised $26 million in new funding to meet the demand for its cloud-delivered cybersecurity platform.

The Series A round was co-led by Two Bear Capital and AllegisCyber Capital, with previous investor Atlantic Bridge also participating.

Founded in 2018, Elisity offers unified policy and identity-based access solutions powered by artificial intelligence. Elisity’s cybersecurity platform is designed to analyze the unique identity and context of people, apps and devices, including “internet of things” and operational technology, wherever they’re operating.

The platform can understand, empower and dynamically adapt security from the edge to the cloud by learning behavior to assess risk, automatically and continuously optimizing protection. Under the hood, Elisity’s Cognitive Trust platform combines identity and AI-driven behavioral intelligence to continuously assess risk and instantly optimize access, connectivity and protection policies.

Elisity assists enterprise-class organizations of all sizes and industries to break through siloed networking-and-security group challenges by integrating asset management, connectivity and security.

New customers can be onboarded and up and running in as little as 45 minutes as they move to an identity-based access policy. Elisity’s service is also designed to scale, allowing companies to expand their cloud and on-premises footprints over time without replacing existing identity providers and network infrastructure investments. 

“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,” Chief Executive Officer James Winebrenner said in a statement.

“The reality of distributed workforces, shadow IT and convergence of IT and OT calls for a new mindset in how security should be architected and deployed,” co-founder and Chief Product Officer Burjiz Pithawala Pithawala noted. “The industry must move beyond cloud-only SASE models and point products to holistic solutions that deliver protection as close as possible to the asset. 

Including the new funding, Elisity has raised $33.5 million, according to data from Crunchbase

Image: Elisity

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