Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Email Security

Mimecast Acquires User Education Startup Elevate Security 

Elevate Security raised $18.3 million in venture capital financing and scored investments from the likes of Cisco and CrowdStrike.

Email security mainstay Mimecast on Thursday announced the acquisition of Elevate Security, a venture-backed startup working on technology in the user-education and awareness training space.

Financial terms of the transaction were not released.

The brainchild of Masha Sedova and Robert Fly, Elevate Security launched six years ago with ambitious plans to disrupt the lucrative but tricky security awareness training market.

The company raised $18.3 million in venture capital financing and scored investments from the likes of Cisco and CrowdStrike. Elevate Security’s core technology promises to ingest human behavior and context data from a range of sources and identifies high-risk people using a risk scoring algorithm. 

The software is used to help businesses understand and categorize who is most ‘at-risk’, motivate and measure behavior change, enforce conditional policies, and governance reviews based on individual risk.

Elevate Security also built technology to accelerate incident triage and response, improve help desk decision making, and automate protective controls for risky workers.

With the acquisition, Mass,-based Mimecast said the plan is to incorporate the Elevate Security technology to beef up the quality of its own Awareness Training product line.

Mimecast plans to maintain and support the existing Elevate Security customer base 

Advertisement. Scroll to continue reading.

Related: Cybrary Raises $25 Million to Tackle Workforce Training

Related: Investors Bet Big on Subscription-Based Security Training

Related: Webroot Acquires Security Awareness Firm Securecast

Related: Huntress Buys User Education Startup Curricula for $22M

Written By

Ryan Naraine is Editor-at-Large at SecurityWeek and host of the popular Security Conversations podcast series. He is a security community engagement expert who has built programs at major global brands, including Intel Corp., Bishop Fox and GReAT. Ryan is a founding-director of the Security Tinkerers non-profit, an advisor to early-stage entrepreneurs, and a regular speaker at security conferences around the world.

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Gain valuable insights from industry professionals who will help guide you through the intricacies of industrial cybersecurity.

Register

Join us for an in depth exploration of the critical nature of software and vendor supply chain security issues with a focus on understanding how attacks against identity infrastructure come with major cascading effects.

Register

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

Cyber Insurance

Cyberinsurance and protection firm Boxx Insurance raises $14.4 million in a Series B funding round led by Zurich Insurance.

Cloud Security

Cloud security researcher warns that stolen Microsoft signing key was more powerful and not limited to Outlook.com and Exchange Online.

Cybersecurity Funding

2022 Cybersecurity Year in Review: Top news headlines and trends that impacted the security ecosystem

Cybersecurity Funding

Network security provider Corsa Security last week announced that it has raised $10 million from Roadmap Capital. To date, the company has raised $50...

Funding/M&A

Thirty-five cybersecurity-related M&A deals were announced in February 2023

Compliance

Government agencies in the United States have made progress in the implementation of the DMARC standard in response to a Department of Homeland Security...