Elpha Secure

Elpha Secure is a cybersecurity and cyber insurance platform designed for small and midsize businesses (SMBs). The company integrates cyber insurance coverage with in-house-built security software, offering a combined solution that addresses both cyber risk financing and technical defense in a single product. The platform provides a defense-in-depth approach through multiple security tools developed internally. Features include critical data backups, a telemetry tool for threat monitoring, and a single-click installation process intended to minimize deployment friction for businesses with limited IT resources. The product is designed to align with varying levels of security maturity, with the goal of helping SMBs improve their security posture over time. On the insurance side, Elpha partners with established insurance carriers and investors, including State Farm, The Hartford, and AXIS Capital. The company positions its cyber insurance as embedded within its broader platform, rather than as a standalone policy. Elpha notes that qualifying for cyber insurance increasingly requires demonstrable cyber hygiene practices, and its integrated model is structured to address this requirement. Elpha Secure is headquartered in New York City and operates with teams globally. The company is SOC 2 Type II certified, reflecting adherence to AICPA standards for data security and confidentiality. Investors in the company include Stone Point Capital, Fermat Capital Management, EOS Venture Partners, and Canapi Ventures, in addition to the insurance carriers mentioned above.