Cybersecurity startup Picus Security secures $5 million Series A funding to provide verified security protection to businesses and government
Picus Security, a cybersecurity startup that offers continuous security validation and mitigation to businesses and government agencies, has raised $5 million in Series A funding to accelerate growth and worldwide expansion, and continues its lead in the Breach and Attack Simulation space. The round was led by Earlybird. To date, Picus Security has raised a total of $6.7M in funding over 3 rounds with previous funding of $1.7 million led by ACT-VC.
In addition to the funding news, Picus Security also announced that Cem Sertoğlu, partner of Earlybird Ventures, has joined the itsboard of directors. Earlybird invests in early-stage technology startups that redefine or create new markets, with notable investments such as UiPath and Hazelcast.
Founded in 2013 by Aycan İrican, Hamdi Alper Memiş, Süleyman Özarslan, and Volkan Ertürk, the San Francisco, California-based Picus providers verified security solution so businesses and government agencies can stay ahead of cybercriminals.
Picus Security offers Continuous Security Validation and Mitigation as the most proactive approach to ensure cyber-resilience. The Picus Platform measures the effectiveness of defenses by using emerging threat samples in production environments, providing the insight required to build the right security strategy to manage complex operations better Trusted by many large financial institutions and government agencies, Picus operates in 10+ countries through its Authorized Partners and recently been recognized as a Cool Vendor in Security and Risk Management, 2H19 by Gartner.
“Our obsession with helping organizations stay ahead of adversaries has paid off with consistent double growth and high retention rates in the emerging Breach and Attack Simulation market,” said Hamdi Alper Memis, CEO and Co-Founder of Picus Security. “This new funding will fuel our global expansion while ensuring that we remain ahead of the curve by focusing on research and innovation.”
“Picus Security’s commitment to customer success and innovation in the Breach and Attack Simulation segment has shown time and time again that it is a best-in-class solution with an excellent team,” said Cem Sertoğlu, Managing Director at Earlybird Digital East Fund. “We’re impressed with Picus’s technology and product-market fit which have already resulted in a large customer base. We are thrilled to welcome Picus to our growing portfolio and look forward to collaborating on the next phase of this journey.”
This accelerated momentum comes at a time when Breach and Attack Simulation as a segment is drawing increased attention and investment. Picus has recently been recognized as a Cool Vendor in Security and Risk Management, 2H19 by Gartner. Picus was distinguished as one of the top 10 innovative cyber startups by PwC and the most innovative Infosec Startup of the year by Cyber Defense Magazine.