Picus Security, a platform for Breach and Attack Simulation, announced that it has raised new funding.
The San Francisco based startup raised $5 million in Series A funding, led by Earlybird. The new round of funding will be used to heighten growth and worldwide expansion.
Picus uses its unique security validation approach to identify imminent threats, enable best defense actions and helps businesses understand cybersecurity risks. The company helps close the gap between the security stack and imminent threats with holistic security effectiveness assessments for on-site and cloud environments.
“Our obsession with helping organizations stay ahead of adversaries has paid off with consistent double growth and high retention rates in the emerging Breach and Attack Simulation market,” said CEO and Co-Founder Hamdi Alper Memis, CEO in a statement. “This new funding will fuel our global expansion while ensuring that we remain ahead of the curve by focusing on research and innovation.”
Cem Sertoğlu, partner of Earlybird Ventures, has been appointed to Picus’ board of directors.