Picus Security Raises $45 Million for Expansion
Picus Security Raises $45 Million for Expansion
Picus Security Raises $45 Million for Expansion
News summary

Picus Security, a cybersecurity validation startup, has secured a $45 million Series C funding round led by Riverwood Capital, bringing its total funding to $80 million. The investment will enable Picus to advance its innovative platform for adversarial exposure validation, which integrates automated penetration testing and breach simulations to help organizations proactively manage cyber risks. With over 500 enterprise customers and a history of simulating more than one billion cyberattacks, Picus aims to enhance its capabilities in attack surface management and customer success. CEO Alper Memis emphasized the importance of correlating siloed data to provide a unified view of cyber exposure, which is critical for effective risk management. The company is also focusing on expanding its market reach, particularly in the Americas. This funding round demonstrates growing investor confidence in the proactive cybersecurity measures that Picus advocates for.

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