Security Experts:

Identity-Based Access Provider Elisity Raises $26 Million

Identity management provider Elisity on Tuesday announced that it secured $26 million in Series A funding, bringing the total raised by the company to $33.5 million.

The new funding round was co-led by Two Bear Capital and AllegisCyber Capital, with participation from previous investor Atlantic Bridge.

Elisity says the investment will be used to scale and expand to meet demand for its cloud-delivered cybersecurity platform.

The early stage Silicon Valley-based Elisity provides a cloud-based platform that analyzes identities and behavior to deliver secure access to enterprise assets.

Elisity says that its Cognitive Trust platform can learn behavior to assess risks and automatically optimize protection from edge to the cloud.

“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,” Elisity CEO James Winebrenner said.

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