Elisity, an identity-based microsegmentation pioneer, announced it has raised $37 million in Series B funding from global software investor Insight Partners. Insight Partners joins AllegisCyber Capital and Two Bear Capital along with seed investor Atlantic Bridge, bringing Elisity’s total funding to over $72 million.
Elisity will use funding round to extend its platform’s AI capabilities, fully utilizing organizations’ device identity data to anticipate and pre-empt emerging cyber threats and establish control over IT, OT, IoT, and hybrid environments.
Microsegmentation is important for containing attackers’ lateral movement within compromised networks, making it essential to cyber defense and foundational to building zero trust architectures.
Elisity’s identity-based approach to microsegmentation is a major market shift by centralizing the security policy management process within Elisity IndentityGraph. This enables networking teams to gain visibility and focus on enhancing performance and availability while security teams assert more granular control over users, devices and workloads based on their contextual attributes. And Elisity addresses the long-time challenge of easily and quickly deploying microsegmentation and streamlines efforts to deploy zero trust and other critical capabilities.
KEY QUOTES:
“Elisity is addressing a critical segmentation need within our customers’ infrastructure, but our identity-based approach and continued AI investments will ensure we can leverage our ‘single source of truth’ on network assets to redefine network security with more real-time, adaptable security policies. Traditional segmentation efforts often pitted performance and availability focused networking teams against security teams inserting control choke points. By abstracting segmentation from network operations, Elisity removes traditional project friction, costs and delays, allowing zero trust projects to quickly proceed and enabling new network security capabilities as needs evolve tomorrow.”
- James Winebrenner, CEO of Elisity
“As a former CISO, I had completely dismissed microsegmentation until I talked to Elisity’s customers. More than a decade as a former operator taught me that these projects are notoriously difficult due to a lack of viable, scalable technical approaches to implementing essential controls exactly where and how they’re needed. Due diligence and conversations with customers convinced me that Elisity could be quickly and effectively implemented and scaled to address a fast-growing need across thousands of IT and OT environments.”
- Stephen Ward, Managing Director at Insight Partners
“Elisity’s identity-based microsegmentation brings tremendous capabilities to our security stack as a critical control point for containing ransomware, blocking malicious lateral network traffic and minimizing incident blast radius. The platform has already proven valuable in technical network representations for meeting cyber insurance and compliance requirements. Elisity features prominently for our present and forward-looking security posture, allowing us to easily adjust to new regulatory as well as threat landscape developments.”
- Aaron Weismann, CISO at Main Line Health
“Elisity has surpassed all our expectations. We deployed it at two of our sites in less than an hour, and by the next day, we were confidently implementing policies. This unprecedented speed and effectiveness soon made Elisity an indispensable part of our network security strategy across our manufacturing sites, protecting thousands of managed IT assets as well as our growing number of unmanaged IoT and OT assets.”
– Max Everett, CISO at Shaw Industries and former White House CIO
