Elevate Security, a Berkeley, Calif.-based human risk management platform, raised $8.25m in Series A1 funding.
The round – which brought total funding to $18.3m – was led by the Foundry Group, with additional investments from Salesforce Ventures and Shasta Ventures and existing investors Costanoa Ventures and Defy.
The company intends to use the funds to hire senior marketing leaders, and expand go to market capabilities.
Led by Robert Fly, CEO, Elevate Security provides a Human Risk Management software platform that helps security leaders in enterprises measure, reduce and communicate human risk to keep their companies safe from cyber threats. It integrates incident and log data from existing, disparate security technologies and maps it against human resource data to uncover critical insights around employee risk. These insights show security teams where and how employee decisions are putting their organizations at risk and nudges employees to improve their security decisions.
Medium and large enterprises across industries, from financial services, technology, healthcare and more, already use Elevate Security into their security infrastructure.
The company also hired veteran marketing leader, Suresh Balasubramanian, to accelerate growth.
FinSMEs
29/09/2020