Elpha Secure files Form D with the SEC

New York-based cyber security company built for the insurance industry Elpha Secure filed its Form D with the SEC in connection to a debt round totaling $3.5 million.

Founded in 2018, the company (a team of ~10) offers Elphaware, a Software as a Service (SaaS) application used to mitigate the risk of common cyber threats. Elphaware provides cyber security tools and protections designed specifically for small and micro businesses, including encrypted backups of critical data, insider threat and anomaly detection and multi-factor authentication for remote access. It also allows users to restore compromised systems within hours and creates a virtual private network.