Elisity, a self-styled innovator that gives behavior-based enterprise cybersecurity, has raised $26 million in Collection A funding.
The funding spherical was co-led by Two Bear Capital and AllegisCyber Capital, the latter of which has invested in quite a lot of cybersecurity startups, together with Panaseer, with earlier seed investor Atlantic Bridge additionally collaborating.
Elisity, which is led by trade veterans from Cisco, Qualys and Viptela, says the funding will assist it meet rising enterprise demand for its cloud-delivered Cognitive Belief platform, which it claims is the one platform clever sufficient to know how belongings and other people join past company perimeters.
The platform seems to be to assist organizations transition from legacy entry approaches to zero belief, a safety mannequin primarily based on sustaining strict entry controls and never trusting anybody — even workers — by default, throughout their total digital footprint. This allows organizations to undertake a “work-from-anywhere” mannequin, in accordance with the corporate, which notes that almost all corporations at the moment proceed to depend on safety and insurance policies primarily based on bodily location or low-level networking constructs, resembling VLAN, IP and MAC addresses, and VPNs.
Cognitive Belief, the corporate claims, can analyze the distinctive id and context of individuals, apps and gadgets, together with Web of Issues (IoT) and operational know-how (OT), wherever they’re working. The corporate says by its AI-driven behavioral intelligence, the platform may also constantly assess threat and immediately optimize entry, connectivity and safety insurance policies.
“CISOs are dealing with ever-increasing assault surfaces brought on by the shift to distant work, reliance on cloud-based companies (and infrequently multi-cloud) and the convergence of IT/OT networks,” stated Mike Goguen, founder and managing associate at Two Bear Capital. “Elisity addresses all of those issues by not solely enacting a zero belief mannequin, however by doing so on the edge and throughout the behavioral context of every interplay. We’re excited to associate with the CEO, James Winebrenner, and his crew as they develop the attain of their revolutionary strategy to enterprise safety.”
Based in 2018, Elisity — whose rivals embody the likes of Vectra AI and Lastline — closed a $7.5 million seed spherical in August that very same yr, led by Atlantic Bridge. With its seed spherical, Elisity started scaling its engineering, gross sales and advertising and marketing groups to ramp up forward of the platform’s launch.
Now it’s trying to scale with a purpose to meet rising enterprise demand, which comes as many organizations transfer to a hybrid working mannequin and search the instruments to assist them safe distributed workforces.
“When the safety perimeter is not the community, we see an unimaginable alternative to evolve the way in which enterprises join and defend their folks and their belongings, shifting away from strict community constructs to id and context as the idea for safe entry,” stated Winebrenner.
“With Elisity, prospects can dispense with the complexity, price and protracted timeline enterprises often encounter. We will onboard a brand new buyer in as little as 45 minutes, fairly than months or years, shifting them to an identity-based entry coverage, and increasing to their cloud and on-prem[ise] footprints over time with out having to tear and substitute present id suppliers and community infrastructure investments. We do that with out making tradeoffs between productiveness for workers and the community safety posture.”
Elisity, which relies in California, at present employs round 30 employees. Nonetheless, it currently has no women in its leadership team, nor on its board of administrators.
