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Elisity Raises $37M in Series B Funding

May 01, 2024 - finsmes.com
Elisity, a San Jose-based company specializing in identity-based microsegmentation, has raised $37M in a Series B funding round. The round saw participation from Insight Partners, AllegisCyber Capital, and Two Bear Capital. The funds will be used to enhance the platform's AI capabilities, leveraging device identity data to anticipate and counter cyber threats, and establish control over IT, OT, IoT, and hybrid environments.

The company, led by CEO James Winebrenner, aims to improve network security by implementing dynamic, context-aware policies that adapt to modern cyber threats. Its approach allows networking teams to gain visibility and focus on performance and availability, while security teams can assert granular control over users, devices, and workloads based on their contextual attributes. This addresses the challenge of deploying microsegmentation and streamlines efforts to deploy zero trust and other critical capabilities.

Key takeaways:

  • Elisity, a company specializing in identity-based microsegmentation, has raised $37M in Series B funding.
  • The funding round included participation from Insight Partners, AllegisCyber Capital, and Two Bear Capital.
  • The company plans to use the funds to enhance its platform's AI capabilities and improve network security against emerging cyber threats.
  • Elisity's approach allows for more granular control over users, devices, and workloads based on their contextual attributes, aiding in the deployment of zero trust and other critical capabilities.
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