Elisity

Company Overview

Elisity is a cybersecurity company founded in 2018 that is redefining enterprise security and access through identity-based microsegmentation. The company is headquartered in San Jose, California and operates in the network security industry. Elisity’s core mission is to help organizations secure their networks in a world transformed by cloud, mobility, and connected devices.

The company was founded by industry veterans with extensive experience in designing, building, marketing and selling products in the network and security space for over 25 years. Elisity has assembled a world-renowned Board of Directors and Board of Advisors comprised of industry visionaries who have funded, built, and led major technology companies.

Products Overview

Elisity’s main product offering is a cloud-delivered microsegmentation solution called Elisity Cognitive Trust. The key components of their platform include:

1. Elisity Cloud Control Center: A centralized management console that provides visibility, policy configuration, and analytics. It utilizes AI and machine learning to adapt to network changes.

2. Elisity IdentityGraph™: An AI-powered engine that discovers, classifies, and monitors devices and users across the network. It collects identity data from various sources to create context for enforcing policies.

3. Dynamic Policy Engine: Enables the creation and enforcement of dynamic, context-aware policies based on identity information.

4. Elisity Virtual Edge: Software that gleans asset identity and enforces identity-based policies at the network edge. It offers flexible deployment options, including switch-hosted or hypervisor-hosted implementations.

The platform integrates with many existing enterprise systems and security tools, including Active Directory, Crowdstrike, Claroty, Armis, Splunk, and network switches from Cisco, Arista, and Juniper.

Founding Team

While the specific names and backgrounds of the founders are not provided in the given material, it is mentioned that the company was founded by industry veterans with over 25 years of experience in the network and security space. The leadership team includes executives with backgrounds from major technology companies like Cisco, Palo Alto Networks, McAfee, and Viptela.

Problem and Market Fit

Elisity addresses the challenges of securing modern, complex enterprise networks in an environment increasingly shaped by cloud computing, mobility, and the proliferation of connected devices. Traditional network segmentation approaches have proven difficult to implement and maintain, often failing to meet expectations.

The company’s solution aims to simplify network segmentation through an identity-based approach, providing:

1. Comprehensive visibility into all network assets, including managed and unmanaged devices
2. Granular control through identity-based policies
3. Protection against lateral movement of threats
4. Simplified compliance management
5. Enablement of Zero Trust security architectures

This approach is particularly relevant for organizations struggling with securing hybrid environments, protecting against ransomware and other advanced threats, and maintaining regulatory compliance.

Business Model

Elisity operates on a software-as-a-service (SaaS) model, providing its cloud-delivered microsegmentation solution to enterprise customers. The company likely generates revenue through subscription fees for its platform and potentially through professional services related to implementation and ongoing support.

Funding and Runway

The most recent funding information provided indicates that Elisity raised $37 million in a funding round. The date of this funding is not specified in the given material, but it is mentioned as recent news. No specific details about the company’s runway are provided.

Competitive Landscape

While specific competitors are not named, Elisity positions itself as a leader in the identity-based microsegmentation space. The company differentiates itself through its AI-driven approach, rapid deployment capabilities, and ability to work with existing network infrastructure. Elisity claims its solution outperforms other segmentation approaches, with customers describing it as “revolutionary” compared to alternatives.

Customers

Elisity’s customer base includes several large enterprises across various industries. Notable customers mentioned include:

1. GSK (formerly GlaxoSmithKline) - Pharmaceutical industry
2. Shaw Industries - Flooring manufacturing
3. Main Line Health - Healthcare industry
4. Bupa Health - Healthcare industry
5. Logan Health - Healthcare industry

These customers represent a mix of industries including healthcare, manufacturing, and pharmaceuticals, indicating Elisity’s solutions have broad applicability across sectors.

Relevant News

1. Elisity raised $37 million in a recent funding round (specific date not provided). This funding is intended to fuel AI innovation in identity-based microsegmentation.

2. The company completed its SOC 2 (System and Organization Control 2) examination by the American Institute of Certified Public Accountants (AICPA), demonstrating its commitment to data security and privacy standards.

3. Elisity has been rapidly expanding its deployment at GSK, with the ability to initiate three new sites per week and deploy at individual locations in less than 30 minutes.

These developments suggest that Elisity is in a growth phase, securing significant funding, expanding its customer base, and enhancing its product offerings and security credentials.