Adrian Johnson
TLDR:
- Picus Security has received a $45M investment from Riverwood Capital to enhance its exposure management platform.
- The investment will help Picus expand its capabilities in attack surface management, automated penetration testing, and breach simulation.
Picus Security, a security validation startup, has secured a $45 million investment from Riverwood Capital to improve its exposure management platform. The investment will enable Picus to enhance its attack surface management, automated penetration testing, and breach simulation capabilities. Picus aims to correlate insights across these tools to offer organizations a unified view of their cyber risk. The company, founded in 2013 by Alper Memis, has raised a total of $80 million in external funding across five rounds. The investment will support product innovation, global expansion, and deeper integration with cybersecurity products to provide a holistic understanding of cyber risk and exposure management. Picus targets large enterprises in sectors like banking, finance, and insurance with a “land and expand” strategy. The company competes against players in breach and attack simulation, security validation, and vulnerability management and aims to differentiate by combining various security controls insights to offer a unified view of cyber risk.
