# Picus Security

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/picus-security

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.picussecurity.com/
- Total disclosed funding: $76M
- Latest round: Series C (Sep 11, 2024)
- Investors on record: 6

## About

Based in the US, Picus Security Inc. specializes in enhancing organizational security through its innovative Automated Security Validation Platform, providing real-world simulations of cyber threats.Founded in 2013, Picus Security Inc. operates from its headquarters in San Francisco, US. The company focuses on automated security validation, ensuring organizations can assess their cybersecurity measures effectively. The company was co-founded by Hamdi Memis, Suleyman Ozarslan, and Volkan Erturk, among others. Picus has successfully completed 5 investment rounds, with the latest being a Series C round in September 2024, raising USD 45.00 mn led by Riverwood Capital, bringing the total capital raised to USD 45.00 mn and a current valuation of USD 222.74 mn.Picus Security offers an Automated Security Validation Platform designed to enhance an organization's security posture through real-world simulations of cyber threats. This platform enables continuous validation of security controls, focusing on identifying critical vulnerabilities and attack paths across diverse IT environments. Key functionalities include Breach and Attack Simulation (BAS), Automated Penetration Testing, and Adversarial Exposure Validation. The platform is utilized by a wide range of organizations globally, including enterprises across various sectors such as finance, healthcare, and technology, who seek to strengthen their cybersecurity measures. Picus’s solutions are tailored for markets including North America, Europe, and Asia-Pacific, where the demand for robust security validation tools continues to grow.Picus Security operates primarily on a subscription-based revenue model, where clients pay for access to its security validation platform. This model allows organizations to use the platform for continuous security assessment over a defined period. Clients typically include security teams within larger enterprises, who utilize Picus’s services to identify and mitigate vulnerabilities in their systems. The pricing structure is based on access tiers that correlate with the scale and specific needs of the organization, allowing for flexibility in deployment based on the size and complexity of the client’s security requirements. The revenue generated from subscriptions reflects the growing emphasis on proactive security measures in an increasingly digital landscape.In September 2024, Picus Security Inc. raised USD 45 mn in Series C funding led by new investor Riverwood Capital, with participation from returning investor Earlybird Digital East Fund. The company plans to utilize this funding to enhance customer success, sales, and marketing initiatives, as well as to drive product innovation. Upcoming initiatives include the launch of new features for its security validation platform and potential market expansion into regions where cybersecurity needs are increasing. These strategic efforts are aimed at strengthening Picus’s position in the global market.

## Funding rounds

- Series C, Sep 11, 2024, $45M — Riverwood Capital, Bek Ventures
- Series B, Oct 20, 2021, $24M — Turkven, Bek Ventures
- Series A, Oct 25, 2019, $5M — Bek Ventures
- Seed, Dec 18, 2017, $1.7M — Social Capital, ACT Venture Partners, ScaleX

## Investors

- Social Capital (https://capitalatlas.ai/funds/social-capital) — Seed
- ACT Venture Partners (https://capitalatlas.ai/funds/act-venture-partners) — Seed
- ScaleX (https://capitalatlas.ai/funds/scalex) — Seed
- Bek Ventures (https://capitalatlas.ai/funds/bek-ventures) — Series A, Series B, Series C
- Turkven (https://capitalatlas.ai/funds/turkven) — Series B
- Riverwood Capital (https://capitalatlas.ai/funds/riverwood-capital) — Series C