Elevate Security, Inc.

Based in San Francisco, US, Elevate Security, Inc. specializes in enhancing organizational cybersecurity by addressing human risk factors through its innovative platform and services. Elevate Security, Inc. was founded in 2017 and is located in San Francisco, US.

The company focuses on mitigating human-related security risks through its platform. Masha Sedova is the founder, who has a history in the cybersecurity sector. Elevate Security has secured funding through several rounds, with the latest being a Series A round on November 1, 2023, led by Foundry Group, raising a total of USD 8. 25 mn, bringing its total funding to USD 8.

25 mn and its current valuation to USD 25. 126 mn. Elevate Security's core offerings revolve around its Integrated Human Risk Management Platform, which addresses security threats that arise from human errors within organizations. The platform provides advanced email security, insider threat management, and tools to protect collaboration platforms like Microsoft Teams and Slack.

Elevate Security serves over 42,000 businesses worldwide, delivering solutions that safeguard against various cybersecurity risks such as business email compromise and insider threats. The company primarily markets its products in North America, Europe, and the Asia-Pacific region, where demand for robust cybersecurity is increasing. Elevate Security generates revenue through subscription-based models, offering various packages tailored to client needs, including advanced email security and insider threat protection. Clients enter into annual contracts based on user count and selected services, fostering scalable solutions for organizations of all sizes.

This recurring revenue model allows Elevate Security to maintain ongoing client relationships while continuously enhancing its product offerings to keep pace with evolving security threats. In November 2023, Elevate Security was acquired by Mimecast Services Limited, a portfolio company of several venture capital firms. The acquisition aims to accelerate the development of Elevate Security's product offerings. As part of its growth strategy, Elevate Security plans to introduce new products and expand into additional geographic markets, leveraging the resources and capabilities of Mimecast.

The recent funding will support these initiatives by enhancing product development and market reach.