Mimecast, a prominent figure in the realm of email security, has made a strategic move by acquiring Elevate Security, a venture-backed startup specializing in user education and awareness training. With the financial terms undisclosed, Elevate Security, founded six years ago by Masha Sedova and Robert Fly, garnered attention by raising $18.3 million in venture capital financing, securing investments from industry giants Cisco and CrowdStrike.
Elevate Security’s core technology is centered around analyzing human behavior and context data from various sources, employing a risk scoring algorithm to identify high-risk individuals. The software is designed to assist businesses in understanding, categorizing, and mitigating risks by motivating and measuring behavior change, enforcing conditional policies, and conducting governance reviews based on individual risk levels. Additionally, Elevate Security has developed technology to expedite incident triage and response, enhance decision-making for help desk operations, and automate protective controls for workers identified as risky.
Mimecast, based in Massachusetts, plans to integrate Elevate Security’s innovative technology into its own Awareness Training product line, aiming to elevate the quality and effectiveness of its cybersecurity offerings. Importantly, Mimecast has expressed its commitment to maintaining and supporting the existing customer base of Elevate Security, ensuring a seamless transition for users already benefiting from the acquired technology.
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