CyberTech Pentera hits unicorn status

Automated security validation platform Pentera has raised $150m in its Series C investment round, which was led by K1 Investment Management.

Participation to the round also came from Evolution Equity Partners, Insight Partners, Awz Ventures and Blackstone.

This investment puts the company’s valuation at $1bn, which makes it the highest-valued company in its category, Pentera claims.

Following the close of the funding round, the company hopes to scale its operations across all functions and regions, and increase the size of its team from 150 to 300 by the end of the year.

Pentera’s technology empowers organisations to test the integrity of their cybersecurity layers, uncovering current security exposures. Its services are used by thousands of security professionals around the world to guide remediation and close security gaps before they are exploited, it claims.

Pentera CEO Amitai Ratzon said, “Pentera’s exponential growth has proven that enterprises are no longer willing to compromise for assumptions and simulations, but rather demand real-world validation of their security resilience against the latest cyberattacks.

“Pentera is excited for the partnership with K1 as they share our vision to achieve category leadership in security validation. We are especially grateful to our employees, customers, partners, and investors for sharing our passion for the revolution we bring to the cybersecurity world.”

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