Picus Security, a San Francisco, CA-based security validation company, has raised $45 million in Series C funding round.
Investors
The round was led by Riverwood Capital, with participation from Earlybird Digital East Fund, bringing Picus Security’s total funding to $80 million.
Riverwood Capital is a private equity firm focused on high-growth technology and technology-related companies needing capital and expertise to scale globally. The firm provides operational, strategic, and financial insights to help these businesses expand. Founded in 2008, Riverwood has supported over 75 companies and has offices in Menlo Park, Miami, New York, and São Paulo.
Picus Security Use of Funds
The new funds will fuel product innovation and expand sales, marketing, and customer success initiatives.
About Picus Security
Picus Security specializes in security validation. It helps organizations assess, prioritize, and address cybersecurity risks by providing continuous threat exposure management tools. Picus offers a unique Adversarial Exposure Validation solution that integrates Automated Penetration Testing, Breach and Attack Simulation (BAS), and Rule Validation to help security teams identify critical vulnerabilities and quickly implement fixes. Picus has over 500 enterprise customers globally.
Funding Details
Company: Picus Security, Inc.
Raised: $45.0M
Round: Series C
Funding Date: September 2024
Lead Investor: Riverwood Capital
Additional Investor: Earlybird Digital East Fund
Company Website: https://www.picussecurity.com/
Software Category: Cybersecurity
Source: https://www.picussecurity.com/resource/press-release/series-c-funding