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Elisity Raises $37M Series B led by Insight Partners to Fuel AI Innovation in Identity-Based Microsegmentation

Apr 30, 2024over 1 year ago

Amount Raised

$37 Million

Round Type

series b

San JoseCyber SecurityInformation Technology

Investors

Insight Partners

Description

Elisity, the pioneer in identity-based microsegmentation, has raised $37 million in Series B funding from global software investor Insight Partners. The new funds will be used to extend the platform’s artificial intelligence (AI) capabilities, fully leveraging organizations’ device identity data to anticipate and pre-empt emerging cyber threats and establish unprecedented control over IT, OT, IoT, and hybrid environments.

Company Information

Company

Elisity

Location

San Jose, California, United States

About

Elisity is a platform that enables enterprises to deliver least-privilege access from the cloud to any asset, enforcing policy and nano-segmentation at the edge. Cognitive trust is a new approach to network access that enables secure connectivity at the asset level, based on contextual knowledge—over time. The platform continuously applies on-demand connections by verifying a combination of identity, location, permissions, and behavior.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech