New York, NY – According to filings with the U.S. Securities and Exchange Commission, Elpha Secure Technology is raising $20,000,000.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Preetam Dutta played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Elpha Secure Technology
Elpha Secure is a cyber insurance MGA serving small and midsize businesses across a range of industries. Embedding proprietary cybersecurity technology within each cyber insurance policy, we advance the conventional cyber insurance model by reducing risk for businesses with the right security software, qualifying them for full cyber coverage, and providing that coverage, all at once. Built upon a belief that all business owners should have access to the tools they need to function safely in the digital age, we’ve designed our cyber product to help SMBs defend against cyber incidents ranging from insider threats to ransomware attacks. We work with leading brokers to produce customized quotes in minutes and bind policies online. Insureds can activate their coverage and arm their systems in seconds with our single-click software installer. Our full suite of cybersecurity software is developed and supported in-house and validated by a leading third-party security provider, while our comprehensive cyber insurance coverage is backed by an AM Best A rated carrier and supplemented by a hand-picked team of incident response professionals. Elpha Secure is supported by leaders in the insurance space, including Stone Point Ventures, AXIS Capital, State Farm Ventures, The Hartford, Fermat Capital Management, and EOS Venture Partners.

To learn more about Elpha Secure Technology, visit http://www.elphasecure.com/

Contact:
Preetam Dutta, Chief Executive Officer
332-242-6776
https://www.linkedin.com/in/preetamdutta/

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