Picus Security Raises $45 Million for Enterprise Cybersecurity Testing

Picus Security, a startup that provides a platform for continuous validation and simulation testing, has raised $45 million in a Series C funding round led by Riverwood Capital. The company's mission is to help enterprises better understand their cyber risks and proactively protect themselves against attacks.

• The company's platform helps organizations identify and fix inconsistencies in code and network activity.
• Picus has more than 500 enterprise customers, including Mastercard, Visa, Vodafone, and ING.
• The company has simulated over 1 billion cyberattacks to date.

The Need for Continuous Validation and Simulation Testing

The rise of sophisticated security breaches has made software verification a critical and complex task for enterprises. As code and data are constantly changing, traditional security testing methods are often not enough.

• Picus's platform is designed to address this challenge by providing continuous validation and simulation testing.
• This approach helps organizations identify vulnerabilities and weaknesses in their systems before they are exploited by attackers.

Picus's Unique Approach to Enterprise Cybersecurity

Picus takes a unique approach to cybersecurity by focusing on the fragmentation that is common in enterprise IT environments. The company's platform integrates with a wide range of security tools and systems, allowing organizations to get a comprehensive view of their security posture.

• The platform combines automated penetration testing, breach and attack simulation, and rule validation checks.
• Picus provides a single dashboard where security teams can monitor all of this activity.

Picus's Growth and Future Plans

Picus has grown significantly since its founding in 2013. The company has now reached 200 employees and tripled its revenue. The new funding will be used to expand Picus's business, including hiring more employees and developing new features for its platform.

• The company's focus on continuous validation and simulation testing is attracting interest from investors, as it is seen as a critical need for enterprises.
• Picus is well-positioned to continue its growth and become a leader in the cybersecurity market.

The Rise of Cybersecurity Automation

The cybersecurity industry is rapidly evolving, with a growing focus on automation and artificial intelligence (AI). Companies like Picus are leading the way in developing innovative solutions that help enterprises manage their security risks more effectively.

• Automation can help organizations reduce the time and resources required for security testing and remediation.
• AI can be used to analyze vast amounts of data and identify potential threats that might otherwise be missed.

Key Benefits of Picus's Platform for Enterprises

Picus's platform offers a number of benefits for enterprises, including:

• Improved security posture by identifying and mitigating vulnerabilities before they are exploited.
• Reduced risk of cyberattacks by proactively testing and validating systems.
• Enhanced compliance by meeting regulatory requirements and industry standards.
• Increased efficiency by automating security testing and reporting.

Picus's Platform: A Key Enabler for Enterprise Cybersecurity

Picus's platform is a key enabler for enterprise cybersecurity. By providing continuous validation and simulation testing, the company helps organizations stay ahead of the ever-evolving threat landscape.

• The company's focus on automation and integration makes it easy for enterprises to implement and use the platform.
• Picus's platform is essential for any organization that wants to protect its critical data and systems from cyberattacks.