Elisity Raises $26 Million

Elisity, a self-styled innovator that provides behavior-based enterprise cybersecurity, has raised $26 million in Series A funding. The funding round was co-led by Two Bear Capital and AllegisCyber Capital, the latter of which has invested in a number of cybersecurity startups, including Panaseer, with previous seed investor Atlantic Bridge also participating. The funding will help it meet growing enterprise demand for its cloud-delivered Cognitive Trust platform, which it claims is the only platform intelligent enough to understand how assets and people connect beyond corporate perimeters. The platform looks to help organizations transition from legacy access approaches to zero trust, a security model based on maintaining strict access controls and not trusting anyone — even employees — by default, across their entire digital footprint.