Picus Security, a cybersecurity validation company, has secured $45 million in a growth investment round. The funding was led by Riverwood Capital, with participation from existing investor Earlybird Digital East Fund. This brings the total funds raised by Picus to $80 million.
The company, which has offices in Turkey and the United States, serves over 500 enterprise customers globally. Picus plans to use the new investment to further its product innovation and enhance customer support, sales, and marketing efforts. Picus Security has developed the only Adversarial Exposure Validation solution that integrates Automated Penetration Testing, Breach and Attack Simulation (BAS), and Rule Validation capabilities on an open platform.
Picus enhances global cybersecurity strategy
This approach helps cybersecurity teams prioritize, validate, and address critical vulnerabilities efficiently. Joe De Pinho, Partner at Riverwood Capital and new Board Member at Picus, said, “By taking a fresh, open approach to continuous threat exposure management, Picus’ platform empowers organizations to better understand cyber risks and be proactive against bad actors.
Their use of automated pen-testing alongside continuous validation is not only a game-changer today but also lays the groundwork for how enterprises will safeguard themselves in the future.”
The company’s initiatives align with the Continuous Threat and Exposure Management (CTEM) framework, which advocates a more aggressive stance on cybersecurity. This framework has been instrumental in guiding enterprises to adopt continuous validation of their cyber infrastructure, policies, and defenses as a crucial element of their security strategy. Francisco Alvarez-Demalde, Co-Founder & Managing Partner of Riverwood Capital, said, “Picus is reshaping cybersecurity with AI-powered and machine learning capabilities that help companies identify and address vulnerabilities more efficiently, all in a context of an acceleration in the automation, number, and complexity of cyberattacks.
Their remarkable growth in the Americas, tripling in just 12 months, solidifies their position as a key innovator in the field. We are excited to partner with Alper and his team as they build a platform that equips businesses to stay ahead of evolving threats.”
Picus Security’s innovative solutions continue to set new standards in the cybersecurity industry, helping organizations worldwide to effectively manage and mitigate cyber risks.
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