Elba (eF#21) has raised €2.5 million to bring employee-focused cybersecurity worldwide. The company aims to empower employees to fight cyber risks and wants to implement the employee-focused security approach pioneered by companies like Netflix and Slack. The funding round, led by Xange and supported by security experts, will help Elba expand internationally, with a specific focus on the US market. Elba’s solution integrates with a company’s SaaS ecosystem, detecting and resolving security issues. The company has already gained over 100 customers and has proven that educated and empowered employees can make rational decisions about security risks.
| Signal | Change | 10y horizon | Driving force |
|---|---|---|---|
| Elba raises 2.5 million | Shift from awareness to empowerment | More companies adopt employee-focused cybersecurity | Need for more effective cybersecurity solutions |
| Employee-focused security | Employee-centric approach | Increased employee empowerment | Inadvertent errors by employees |
| Expanding internationally | Global expansion | Elba becomes a global cybersecurity solution | Meeting the demand for employee-focused security |
| Over 100 customers using the solution | Growing adoption of the solution | Increased use of employee-focused cybersecurity | Success of the approach in practice |