Elisity Boosts Security Solutions with Record Growth in 2024

Elisity's Record Growth in Microsegmentation for 2024

Elisity, a pioneering leader in identity-based microsegmentation, has made significant strides in 2024, culminating in a record year. The company is reaffirming its position in the Zero Trust network security landscape, showcasing its commitment to developing cutting-edge technology within the microsegmentation domain.

Strategic Investments Fuel Business Expansion

This impressive year is highlighted by substantial investments from prominent firms like Technology Crossover Ventures (TCV) and Chevron Technology Ventures (CTV). TCV is recognized for its support of groundbreaking technology companies globally. Earlier, Elisity secured $37 million through a Series B funding round led by Insight Partners in April 2024, setting the stage for future growth.

Transforming Microsegmentation Challenges into Opportunities

James Winebrenner, CEO of Elisity, shared insights on the impact of these investments, stating, "With this backing, we are positioned for accelerated market adoption and scaling." A key aspect of Elisity's vision is establishing microsegmentation as fundamental to enterprise IT/OT security. Morgan Gerlak from TCV emphasized the unique position of Elisity to reshape the conversation around microsegmentation, particularly after gaining positive confirmations from Chief Information Security Officers (CISOs) about the effectiveness of their platform.

The Importance of Microsegmentation in Modern Security

Microsegmentation technology plays a crucial role in reducing the impact of ransomware, malware, and unauthorized access. Elisity aims to decrease lateral movement risks by up to 85% as it adapts to various environments, including microservices architectures, public cloud settings, and operational technology. The evolving regulatory landscape, especially in healthcare, requiring network segmentation by 2025, further emphasizes the relevance of Elisity's cutting-edge approach to Zero Trust network security.

Customer Success and Rapid Implementation

Elisity stands out as the sole platform that enables swift achievement of least-privilege access, averaging just 14 days from deployment to the enforcement of the first active segmentation policy. In 2024, the company has witnessed double-digit year-over-year growth, with a notable fivefold increase in active policies in the last quarter. On average, customers are implementing over 1,000 active segmentation policies, achieving security measures faster than previously anticipated.

Expansion into Fortune 500 Companies

Elisity has successfully extended its customer base to include major Fortune 500 companies, with over 83% of these clients implementing critical security policies across their infrastructure within a mere 90 days. This rapid adoption has led to impressive success stories in various sectors, including healthcare, pharmaceuticals, electronics, manufacturing, and oil and gas.

Innovations and Future Directions

Looking ahead, Elisity is committed to helping organizations implement Zero Trust architectures across their IT, IoT, and OT environments. The company's identity-based approach not only streamlines policy enforcement but also enhances confidence in the platform. By leveraging advanced AI and a comprehensive view of all connected devices, Elisity aims to provide organizations with real-time security measures tailored to modern demands.

Acknowledgment of Achievements

Among its achievements in 2024, Elisity was recognized as a “Strong Performer” in the Forrester Wave™ Microsegmentation Solutions evaluation. Additionally, the company’s customer, Main Line Health, was awarded the prestigious 2024 CSO Award for cybersecurity excellence. Furthermore, the launch of the new Elisity Academy is designed to equip customers with necessary certifications and training to enhance the transition from policy simulation to enforcement.

Ed Amoroso, CEO of TAG Infosphere, emphasized the significance of zero trust microsegmentation as a vital progression for enterprises. He noted how modern platforms have effectively dismantled barriers to implementation, allowing for comprehensive protection without the previous complexities.

About Elisity

Founded in 2019, Elisity has emerged as a revolutionary force in network segmentation architecture, leading the charge toward Zero Trust maturity. The platform aims to proactively prevent security risks while simplifying network configurations. It enables real-time discovery and correlation of all devices on an enterprise network through the Elisity IdentityGraph™, facilitating the automation of device classification and the application of dynamic security policies efficiently.

Frequently Asked Questions

What is identity-based microsegmentation?

Identity-based microsegmentation is a technique used to enforce security policies at a granular level, limiting access to sensitive data and resources based on the identity of users and devices.

How does Elisity support Zero Trust security?

Elisity enables organizations to implement Zero Trust principles by ensuring that only authenticated users and devices can access certain network segments, thereby minimizing risks.

What are the benefits of microsegmentation?

Microsegmentation helps reduce the risk of lateral movement within a network, minimizes the potential blast radius of attacks, and enhances overall security by providing more precise control over network traffic.

What industries benefit from Elisity's solutions?

Elisity's solutions are beneficial across various industries, particularly in healthcare, pharmaceuticals, manufacturing, oil and gas, and other critical infrastructure sectors.

How quickly can organizations implement Elisity's technology?

Organizations can expect to implement and enforce their first active segmentation policy within approximately 14 days of deploying Elisity's platform.

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