Elisity Revolutionizes Network Security with $37 Million Funding Boost

May 4, 2024, 9:32 am
Elisity
Elisity
CloudCybersecurityDataEnterpriseHardwareInformationPlatformSecuritySoftwareTechnology
Location: United States, California, San Jose
Employees: 11-50
Founded date: 2018
Total raised: $70.5M
Elisity, a trailblazer in identity-based microsegmentation, secures a hefty $37 million in Series B funding. Insight Partners, AllegisCyber Capital, and Two Bear Capital join forces to propel Elisity's total funding to over $72 million. This injection of capital will fuel Elisity's AI capabilities, empowering organizations to stay ahead of cyber threats and take charge of their IT, OT, IoT, and hybrid environments.

Elisity's innovative approach to microsegmentation is a game-changer in the cybersecurity realm. By centralizing security policy management through Elisity IdentityGraph, networking teams can enhance performance while security teams gain precise control over users, devices, and workloads based on contextual attributes. This shift eliminates the traditional tug-of-war between performance-focused networking teams and security teams, paving the way for seamless zero trust implementations.

CEO James Winebrenner emphasizes the significance of Elisity's identity-based microsegmentation, stating, "Our 'single source of truth' on network assets redefines network security with adaptable policies. Elisity removes project friction, costs, and delays, enabling swift zero trust deployments and future-proofing security capabilities."

Insight Partners' Managing Director, Stephen Ward, acknowledges Elisity's swift and scalable implementation, highlighting its pivotal role in containing ransomware, blocking malicious lateral traffic, and aligning with regulatory and compliance standards. CISO Aaron Weismann of Main Line Health echoes this sentiment, praising Elisity's agility in adapting to evolving security landscapes.

Former White House CIO Max Everett lauds Elisity's speed and effectiveness, noting its seamless integration into network security strategies across diverse environments. Elisity's rapid deployment and policy implementation have solidified its position as a cornerstone in safeguarding managed IT assets and unmanaged IoT and OT assets.

Elisity's $37 million funding boost marks a significant milestone in reshaping network security paradigms. With a focus on dynamic, context-aware policies and granular control, Elisity is poised to lead the charge in fortifying organizations against cyber threats and ushering in a new era of secure networking.