Virtualization Technology News and Information
Elisity Secures $26 Million Series A Funding Round for Cognitive Trust Security Platform

Today, it was announced that Elisity, Inc., the pioneer of Cognitive Trust, a new platform for identity and behavior-based enterprise cybersecurity, has secured a Series A funding round totaling $26 million. The round was co-led by Two Bear Capital and AllegisCyber Capital, with previous seed investor Atlantic Bridge also participating.

Elisity is the first company to offer a single cybersecurity platform that is intelligent enough to understand how assets and people connect beyond corporate perimeters and dynamically adapt security for every user, device, data and app from the edge to the cloud.

This funding round will enable Elisity to scale to meet enterprise demand for its cloud-delivered cybersecurity platform that can analyze the unique identity and context of people, apps, and devices-including IOT and OT-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 optimize protection. 

James Winebrenner, CEO of Elisity stated: "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."

Furthermore, Elisity's Cognitive Trust platform fuses identity and AI-driven behavioral intelligence to continuously assess risk and instantly optimize access, connectivity and protection policies that follow assets and people wherever they go. By integrating asset management, connectivity, and security, Elisity helps enterprise-class organizations of all sizes and industries break through today's siloed networking-and-security group challenges.

Winebrenner continued: "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."

Elisity was started by three co-founders: Burjiz Pithawala, chief product officer; Sundher Narayan, chief architect; and Srinivas Sardar, vice president of engineering, who all previously held leadership roles in product development, engineering, and architecture at Cisco. The executive team is led by James Winebrenner, CEO, who led go-to-market strategy for Viptela from pre-launch through the sale to Cisco in 2017, having also held executive leadership roles at Cisco, Aviatrix, and Checkpoint Software.

More information about Elisity Cognitive Trust can be found here.

Published Tuesday, June 15, 2021 10:08 AM by David Marshall
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