September 19, 2024 at 08:36AM
Security validation company Picus Security closed a $45 million growth investment round, reaching a total of $80 million raised. The company, with offices in Turkey and the United States, offers adversarial exposure validation solutions through an open platform, helping security teams evaluate and optimize their security posture. The funding will support product innovation and business operations.
From the meeting notes, the key takeaways are:
1. Picus Security has successfully closed a $45 million growth investment round, bringing its total raised amount to $80 million.
2. The company provides an adversarial exposure validation solution that includes automated penetration testing, breach and attack simulation (BAS), and rule validation capabilities.
3. Picus assists security teams in validating their security posture by simulating real-world threats, evaluating the effectiveness of security controls, identifying high-risk attack paths to critical assets, and optimizing threat prevention and detection capabilities.
4. The formation of the Adversarial Exposure Validation category is driven by the Continuous Threat and Exposure Management (CTEM) framework, resulting in a more offensive view of cybersecurity.
5. The growth round was led by Riverwood Capital with the participation of existing investor Earlybird Digital East Fund.
6. The additional funding will be allocated to fuel product innovation and support sales, marketing, and customer support.