Picus Security, the Turkish borned company which continues its remarquable growth in the global market closed its Series B financing round with a funding of 24 million dollars. The fresh investment will be used to strengthen and expand the position of the company in the international market.
In fact, Picus Security, which has been created in 2013 in Ankara but currently operating in many regions of the world, announced that it has completed a $24 million Series B financing round in order to give to companies the ability to proactively manage cyber security risks in their digitalization processes.
Led by Turkven, with the participation of the already existing investor Earlybird Venture Capital and cyber security expert Nathan Dornbrook, the funds raised from the investment round which provided Picus with a total of $33 million will be used to accelerate the company’s global growth.
Ransomware and APT groups included, Picus’ Security Control Validation Platform simulates real-world cyber threats to enable businesses to continually evaluate and improve the effectiveness of their security controls. The platform includes more than 11000 cyber attack techniques and over 70000 improvement suggestions. Morover, it is updated daily to reflect the latest attack techniques and behaviors.
“For a very long time, companies had to make only assumptions about their security situation. By measuring and improving the effectiveness of security controls, our platform helps ending the uncertainty of security teams’ assumptions. This latest investment will allow us to continue to offer our customers the Cyber security Verification Platform, which helps them both test and optimize their security tools with almost no effort. It will contribute greatly to our growth as a Turkish startup, created in turkey and evolve in the world.”
said H. Alper Mermiş, the Co-Founder and CEO of Picus Security.
The startup, which achieved many successes since its establishment and at the same time is one of the leading names in the BAS (Cyber Attack Simulation) market, accounts of hundreds of customers around the world. With the support of the channel and its managed service provider partners, it has achieved more than 400% growth in its international market since 2019.
While underlining that Picus is the pioneer of Cyber Attack Simulation, Turkven’s CEO Seymur Tari said
“We are very excited to support Picus, which takes continuous security audit verification to the next level. Management of business and reputational risks related to cyber security breaches is of the great importance for institutions. with Picus Security auditing platform, from now corporates can gain real-time insights to more clearly assesses their situation, better understand the value of investments and make more meaningful spending decisions.”
At a moment when security teams are struggling to deal with daily operations and protect a wider attack surface, Gartner, one of the world’s leading research companies, identified BAS as one of the most important security and risk trends* at the beginning of this year.
Picus Security also launched the Purple Academy for teams and managers who moved from a proactive approach to cyber security. the Purple Academy, which has benefited more than 4500 people in 160 countries since its initiation, provides free online training for those who want to improve themselves or refresh their knowledge and become certified on the latest cyber attack methods and defense strategies.