Elpha Secure combines cyber insurance with proprietary cybersecurity software to provide small and midsize businesses with real-time risk management and comprehensive coverage against cyber threats. By embedding advanced security technology within insurance policies, the company helps clients mitigate risks from incidents like ransomware and insider threats while ensuring quick policy activation and support.
Funding
$30M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Small and midsize businesses face increasing cyber threats, including ransomware and insider attacks, but often lack the resources for comprehensive cybersecurity. Traditional cybersecurity solutions can be expensive, complicated to implement, and difficult to manage, leaving businesses vulnerable to data breaches and financial losses.
Solution
Elpha Secure provides a combined cyber insurance and cybersecurity software solution designed to offer real-time risk management and comprehensive coverage against cyber threats for SMBs. By embedding advanced security technology within insurance policies, Elpha Secure helps clients proactively mitigate risks, reduce the likelihood of incidents, and ensure rapid policy activation and support in the event of a breach. The platform offers an all-in-one solution that simplifies cybersecurity management, reduces downtime, and helps businesses maintain solvency in the face of evolving cyber risks.
Target Audience
Elpha Secure targets small and midsize businesses that require comprehensive cyber protection and insurance coverage, as well as insurance brokers seeking to offer robust cyber risk management solutions to their clients.
Features
- AI-powered underwriting process for quick and efficient insurance quotes
- ML-fueled cybersecurity software providing a single solution for cyber risk management
- User-friendly platform with clear risk alerts and easy-to-manage controls
- Data backups and secure remote access to protect work and ensure business continuity
- 24/7 security support for installation, troubleshooting, and incident response
- Continuous threat monitoring and mitigation to avoid incidents and downtime