Elisity, Inc., a San Jose, CA-based provider of a platform for identity and behavior-based enterprise cybersecurity, raised $26m in Series A funding.
The round was co-led by Two Bear Capital and AllegisCyber Capital, with previous seed investor Atlantic Bridge also participating. As a result of today’s transaction, Mike Goguen, founder and managing partner at Two Bear Capital, and Spencer Tall, managing director of AllegisCyber Capital, will join Brian Long on the Elisity board.
The company intends to use the funds to expand operations and its business reach.
Co-founded by Burjiz Pithawala, chief product officer; Sundher Narayan, chief architect; and Srinivas Sardar, vice president of engineering, and led by James Winebrenner, CEO, Elisity provides a 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.
The Cognitive Trust platform combines 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.
Strategic advisors in the company include security and networking leaders such as
- Khalid Raza (co-founder of Viptela and CEO and founder of Graphient),
- Greg Akers (former SVP Advanced Security Research and Governments at Cisco),
- Jeff Tantsura (Internet Architecture Board), and
- Brian Long (co-founder and managing partner at Atlantic Bridge and on Elisity’s Board of Directors).