New York based cyber insurance startup raised $20m in Series A funding led by Canapi Ventures.
"We are humbled by the great investors supporting Elpha Secure and we are thrilled to welcome Canapi as a new partner," said Preetam Dutta, CEO of Elpha Secure. "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."