elpha secure
One-click cybersecurity software meets straightforward cyber insurance for businesses.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
* | $20.0m | Series A | |
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 36 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
Related Content
Elpha Secure is a cutting-edge company specializing in AI-powered cybersecurity and cyber insurance solutions. The company operates in the cybersecurity and insurance markets, targeting businesses that require robust cyber defense mechanisms. Elpha Secure's core product is an all-in-one software that integrates machine learning to provide real-time threat management, reducing the likelihood of cyber incidents and, consequently, insurance claims. This unique fusion of technology and insurance allows businesses to stay solvent by preventing downtime and avoiding premium hikes.
Elpha Secure primarily serves small to medium-sized enterprises (SMEs) that need comprehensive cyber protection but may lack the resources to manage multiple, piecemeal solutions. The company's business model involves partnering with select brokers to deliver its product, offering streamlined AI-powered underwriting processes that can generate quotes in minutes. This approach not only simplifies the adoption of cybersecurity measures but also makes it more affordable by bundling it with insurance coverage.
Revenue is generated through the sale of these bundled cybersecurity and insurance packages, which are offered at a single, affordable premium. The company also provides ongoing support and incident response services through a curated panel of reputable providers, ensuring that clients can quickly recover from any cyber incidents.
Keywords: AI-powered, cybersecurity, cyber insurance, real-time threat management, SMEs, machine learning, brokers, underwriting, incident response, affordable premium.