Riverwood Capital leads investment in Picus, reaching a total investment of $80m
Picus Security, the security validation company, announced it raised a $45 million growth investment round led by Riverwood Capital with the participation of existing investor Early Bird Digital East Fund . The new series C investment will bring Picus’ total funds raised to $80 million. Picus has over 500 enterprise customers globally, and this latest investment will advance Picus’ continued product innovation and expand customer success, sales, and marketing.
Picus offers the only Adversarial Exposure Validation solution that brings together Automated Penetration Testing, Breach and Attack Simulation (BAS), and Rule Validation capabilities in an open platform. By correlating once siloed exposure data, Picus makes it simple for cybersecurity teams to prioritize, validate and fix critical gaps. Picus is leading this newly established category of Adversarial Exposure Validation. Once disjointed tool sets and data now fuel the Picus Exposure Data Fabric and Picus Risk Dashboard, providing a clearer picture of cyber risk.
Serving customers across every major industry – specializing in regulated industries such as financial services – Picus has simulated over one billion cyberattacks to help customers reduce cyber risk and harden their defenses with its Security Validation Platform.
Exposure management technologies for enterprises in the next 12-18 months
“Enterprises are looking for a more effective approach than their legacy vulnerability management practices and are planning on implementing new exposure management technologies in the next 12-18 months,” said Picus CEO and co-founder Alper Memis.
The formation of the Adversarial Exposure Validation category stems from the understanding across cybersecurity of a new framework for managing cybersecurity risk in enterprise organizations, Continuous Threat and Exposure Management (CTEM). CTEM has given rise to a more offensive view of cybersecurity. Many security teams have turned to this framework as a guide to improve their security posture, recognizing that continuous validation of cyberinfrastructure, rules and defenses is now essential. (I have a story here and it touches upon digital security.)
Headquartered in San Francisco, Picus is founded in 2013 with 201-500 employees, according to company’s LinkedIn profile.
Photo (from left):
Volkan Ertürk, Co-Founder and CTO
Alper Memiş, Co-Founder and CEO
Süleyman Özarslan, PhD, Co-Founder and VP at Picus Labs
