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Venture Capital News: Elevate Security Snags $8.25M in Series A1

2020-09-30
BERKELEY, CA, Elevate Security today announced $8.25 million in funding.
Elevate Security, the first human risk management platform of its kind, today announced $8.25 million in funding as well as the hiring of veteran marketing leader, Suresh Balasubramanian, to accelerate growth. The Series A1 investment round was led by the Foundry Group, with additional investments from Salesforce Ventures and Shasta Ventures. Existing investors Costanoa Ventures and Defy also participated bringing Elevate Security's total funding to $18.3M. The investment round and hiring of senior marketing leadership will help to expand go to market capabilities, catalyze growth and to further revolutionize the way the industry manages employee risk.

Elevate Security provides a web-based platform that focuses on shifting human behavior and responses to security threats in order to prevent breaches. This is the first people-centric solution that is based on behavioral science and is designed to transform the human element as a core defense strategy for organizations.
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