Elisity, the identity management provider company has recently announced that it secured almost $26 million in Series A funding. It has brought the total funding raised by the company to $33.5 million.
This funding round was led by Two Bear Capital and AllegisCyber Capital, along with participation from existing investor, Atlantic Bridge. The company will be investing the capital to scale and develop around the growing demands for a cloud-delivered cybersecurity platform.
James Winebrenner, Elisity CEO explained – “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.”