Elisity
Overview
Elisity is a cybersecurity firm based in San Jose, California, specializing in identity-based microsegmentation solutions. Founded in 2018, the company serves industries such as healthcare, manufacturing, and industrial sectors by providing cloud-delivered network access control solutions. Elisity's leadership team is composed of Sundher Narayan, Burjiz Pithawala, and Srinivas Sardar, with James Winebrenner serving as the CEO. The company has raised over $78 million in funding across multiple rounds, with a significant Series B funding round of $37 million in April 2024, led by Insight Partners.
Recent Developments
- August 2024: Elisity announced a surge in revenue growth by 214% year-to-year as it continues expanding its identity-based microsegmentation solutions, focusing on enhancing cybersecurity for critical infrastructure. The company is focusing on sectors like life sciences, healthcare, and manufacturing. This growth is supported by recent strategic partnerships and the expansion of its executive leadership team, including the appointment of Sabrina Sirianni as VP of Business Development.
- April 2024: Elisity secured $37 million in Series B funding led by Insight Partners to expand its AI capabilities and integrate advanced cybersecurity measures for OT, IoT, and IT environments. This financial boost is aimed at strengthening its platform to counter emerging cyber threats.
- March 2024: The company leveraged its insights into network security to form strategic alliances, enhancing its integration with Azure and Juniper switches while extending the capabilities of its Elisity Virtual Edge components.
- February 2024: Elisity was recognized as a "Strong Performer" in The Forrester Wave: Microsegmentation Solutions report, highlighting its robust vision, strategic roadmap, and effective network-based enforcement capabilities.
- 2023 Developments: Over the past year, Elisity focused on refining its identity-based microsegmentation technology, securing recognition in the CSO50 Awards for cybersecurity innovation and expanding its client base in the healthcare sector, further validating its market presence.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2018 |
| Headquarters | San Jose, California, USA |
| Founders | Sundher Narayan, Burjiz Pithawala, Srinivas Sardar |
| Revenue | Proprietary information not publicly available |
| Profits | Proprietary information not publicly available |
| Key Investors | Insight Partners, AllegisCyber Capital, Two Bear Capital, Atlantic Bridge |
| Industry | Network Management Software (Cybersecurity) |
| Number of Employees | Approximately 92 |
Early History
Elisity was founded in 2018 with a vision to revolutionize network security through its identity-based microsegmentation platform. The founders, who are veterans in network and cybersecurity, aimed to tackle the increasing complexity of IT environments and the rise of cyber threats. Early on, Elisity secured a seed funding round led by Atlantic Bridge, which provided the financial foundation to develop its Cognitive Trust platform. By 2020, the company had already begun to distinguish itself by delivering holistic security solutions that simplify identity-based network access control, illustrating its potential to evolve as a leader in microsegmentation security.
Company Profile and Achievements
Elisity's business model focuses on providing least-privilege access and identity-based microsegmentation, which offers enhanced control and visibility over network traffic without the need for additional hardware. Key achievements include:
- Recognition: Awarded the CSO50 Award for cybersecurity innovation in 2023.
- Strategic Funding: Raised a total of $78 million over several rounds, including a significant Series B funding round in 2024.
- Technology Rollouts: Developed the Elisity Virtual Edge, which facilitates policy enforcement across enterprise networks using existing switch infrastructures.
- Enterprise Adoption: Rapid deployment capabilities that are well-suited for critical sectors such as healthcare and manufacturing.
- Zero Trust and Microsegmentation: Pioneered solutions contributing to the "Golden Age" of microsegmentation, as explored in Forrester's 2024 reports.
Current Operations and Market Position
Currently, Elisity operates as a private entity, specializing in network management software within the cybersecurity domain. The company's identity-based microsegmentation approach provides a unique edge in differentiating itself from traditional network security solutions. Its client portfolio includes several Fortune 500 companies, particularly in sectors where network security is paramount. Elisity's technological advancements continue to drive its market position forward, as it partners with industry leaders such as Microsoft and Juniper to enrich its solution offerings. The company leverages AI and machine learning to further enhance network security and is strategically positioned to continue its growth in a rapidly evolving cybersecurity market.
Conclusion
Elisity stands out in the cybersecurity industry with its innovative approach to microsegmentation and identity-based security. By focusing on providing strategic solutions for network access control, the company has carved a niche in protecting critical infrastructures and mitigating cyber threats. With strong support from investors and a strategic focus on AI-enhanced capabilities, Elisity is well-positioned to influence the future landscape of network security solutions, continuing its trajectory towards becoming a key player in the domain of zero trust architectures and comprehensive cybersecurity frameworks.