Elpha Secure Secures $20M in Series A Funding to Revolutionize Cyber Insurance for SMBs

Elpha Secure is excited to announce that we have successfully raised $20,000,000 to further advance our innovative cyber insurance platform. As a leading cyber insurance managing general agent serving small and midsize businesses across various industries, our mission is to reshape the conventional insurance model by integrating proprietary cybersecurity technology into every policy we offer. This significant funding milestone not only reinforces the belief that every business owner deserves robust digital protection but also empowers us to refine and expand our suite of cybersecurity solutions. By embedding advanced risk reduction tools within our products, we enable clients to qualify for full cyber coverage while simultaneously activating state-of-the-art security measures through our single-click installer—effectively arming their systems in seconds. The fresh capital infusion will be strategically allocated to enhance our in-house developed cybersecurity software and extend our online policy binding capabilities in collaboration with top brokers. We are committed to delivering customized, near-instant quotes and policies, ensuring that small and midsize businesses have quick access to comprehensive digital protection. In partnership with an AM Best A rated carrier and a dedicated team of incident response professionals, our technology-backed insurance solutions are set to not only reduce risks posed by insider threats and ransomware attacks but also foster a safer digital environment for businesses of all sizes. Supported by industry leaders such as Stone Point Ventures, AXIS Capital, State Farm Ventures, The Hartford, Fermat Capital Management, and EOS Venture Partners, this round of funding marks a pivotal chapter in our journey. We remain devoted to our core belief that every business, regardless of size, should benefit from superior cyber defense tools in today’s increasingly digital landscape.