Picus Security secures $45m to redefine cybersecurity with adversarial exposure validation
The funding round was led by Riverwood Capital and saw participation from Earlybird Digital East Fund, bringing Picus’ total raised funds to $80m. The company serves over 500 enterprise customers globally and plans to use the new investment to further its product innovation and enhance customer support, sales, and marketing efforts.
The firm has distinguished itself by developing the only Adversarial Exposure Validation solution that integrates Automated Penetration Testing, Breach and Attack Simulation (BAS), and Rule Validation capabilities on an open platform.
This innovative approach helps cybersecurity teams prioritize, validate, and address critical vulnerabilities efficiently. Picus has emerged as a leader in this newly established category, leveraging its unique Picus Exposure Data Fabric™ and Picus Risk Dashboard to provide a comprehensive view of cyber risks.
The company’s initiatives are set against the backdrop of 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.
Joe De Pinho, Partner at Riverwood Capital and new Board Member at Picus, emphasized the significance of Picus’ technology, ““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.”
Additionally, 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.”
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