Picus Security Closes $24M Series B Funding

Picus Security, a San Francisco, CA and Ankara, Turkey-based Breach and Attack Simulation (BAS) technology company, closed a $24m Series B funding round.

The round, which brought total funding to $33m, was led by Turkven with participation from existing investor Earlybird Venture Capital, as well as cyber security veteran Nathan Dornbrook.

The company intends to use the funds to accelerate expansion in North America as well as across EMEA and APAC.

Led by H. Alper Memis, Co-founder and CEO, Picus provides a Complete Security Control Validation Platform that simulates real-world cyber threats, including ransomware and APT groups, to enable enterprises to continuously assess and improve the effectiveness of their security controls. The platform includes more than 11,000 attacks and 70,000 actionable mitigations, and is updated daily to reflect the latest adversarial techniques and behaviors.

Picus validates controls at prevention and detection layers, including NGFW, SIEM and EDR tools, and supplies vendor-specific mitigation content that enables security teams to swiftly address threat coverage and visibility gaps. 

As security teams and business leaders shift from a reactive to a proactive approach to security, the company has introduced its Purple Academy, which offers free online training to help learners of all levels improve their knowledge of the latest cyber-attack methods and defense strategies. To date, more than 4,500 students in 160 countries have completed courses.