Elevate Security nabs $8 mln to create Montréal engineering hub

Elevate Security, a security behaviour platform with offices in Berkeley, California and Montréal, has raised US$8 million in a Series A financing. The round, which brings total funding to US$10 million, was led by Defy Partners and joined by Costanoa Ventures. Founded in 2017, Elevate's platform measures, motivates and rewards employee security behaviour changes in order to prevent breaches. It will use the funds raised in part to establish an engineering hub in Montréal. Elevate hired Jean-François Gailleur, formerly of AppDirect, to build out the team. The startup also plans to make key hires and accelerate its go-to-market strategy.