Elpha Secure, a cyber insurance start-up has completed a $20 million Series A round led by Canapi Ventures. Aimed at SMEs, the technology that CEO Preetam Dutta and his team have built combines cybersecurity technology with insurance products. Dutta said “Digital threats are growing in variety, frequency, and intensity, so cyber insurance is becoming indispensable. Yet, smaller businesses are finding they don’t have adequate cyber infrastructure to qualify for insurance. Instead of challenging business owners to define and implement the required cybersecurity measures themselves, we provide these measures through our software as well as the insurance policy. We’re only just getting started, and we look forward to expanding our reach and serving even more businesses in need in the years to come.” 

Source: Businesswire

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