Summary:Elpha Secure

🔐 Elpha Secure is a U.S. cyber insurtech MGA founded in 2018 that bundles proprietary endpoint security software (Elphaware) with surplus lines cyber insurance for small and midsize businesses with revenue up to $100 million. The company operates across all 50 U.S. states through wholesale broker distribution, financially backed by AXIS Surplus Insurance Company and Everest Re Group. Elpha completed a $20 million Series A in October 2022 led by Canapi Ventures atop more than $9 million in seed funding, and AXIS began routing certain standalone SME cyber submissions to Elpha's platform in July 2024. Its competitive differentiation centers on a seven-component security agent installed on insured endpoints, with insurance economics — reduced retentions, shorter waiting periods, and longer restoration periods — used as adoption levers for the security tooling.