Picus

Picus is a technology company.

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Updated: Feb 17, 2026 ·

Recent News & Mentions

Sep 1, 2024FundingPicus - Series C Oct 1, 2021FundingPicus - Series B Oct 1, 2019FundingPicus - Series A Jun 1, 2018FundingPicus - Seed

Financial History

Picus has raised $77.0M across 4 funding rounds. Most recently, it raised $45.0M Series C in September 2024.

Total Raised

$77.0M

Valuation

N/A

Funding Rounds Raised

Date	Round	Other Investors
Sep 1, 2024	$45.0M Series C	Accomplice VC, Andreessen Horowitz, Davidovs VC, Earlybird Venture Capital, Madrona Ventures, Mango Capital, Prototype Capital, Riverwood Capital, The Hit Forge, Jake Zeller, Matias Woloski, Melih Odemis
Oct 1, 2021	$24.0M Series B	Accomplice VC, Andreessen Horowitz, Davidovs VC, Earlybird Venture Capital, Madrona Ventures, Mango Capital, Prototype Capital, The Hit Forge, Jake Zeller, Matias Woloski
Oct 1, 2019	$6.0M Series A	Accomplice VC, Andreessen Horowitz, Davidovs VC, Earlybird Venture Capital, Madrona Ventures, Mango Capital, Prototype Capital, The Hit Forge, Jake Zeller, Matias Woloski
Jun 1, 2018	$2.0M Seed	Rolf Schrömgens

Financial History

Picus has raised $77.0M across 4 funding rounds.

Total Raised

$77.0M

Valuation

N/A

Deep Dive

High-Level Overview

Picus Security is a cybersecurity software company that builds an automated Security Validation Platform focused on Breach and Attack Simulation (BAS), Adversarial Exposure Validation (AEV), and Continuous Threat Exposure Management (CTEM).[1][2][5] It serves enterprises, mid-market organizations, and security teams by simulating real-world cyberattacks in safe environments to validate security controls across network, endpoint, email, and cloud layers, pinpointing exploitable vulnerabilities, prioritizing fixes, and reducing remediation backlogs by up to 86% while doubling threat blocking in 90 days.[1][5] The platform integrates with SIEM, EDR, NGFW, and WAF tools to ensure peak performance, helping customers slash mean time to remediate (MTTR) from 74 to 14 days and minimize SLA violations.[5] With $80 million in total funding, including a $45M Series C in 2024, Picus demonstrates strong growth momentum as a BAS leader evolving into AEV.[2]

Origin Story

Picus Security was founded in 2013 by cybersecurity veterans in Ankara, Turkey, pioneering Breach and Attack Simulation (BAS) technology to help organizations preempt attacks through end-to-end validation.[1][2] Key leaders include H. Alper Memiş (CEO), Volkan Ertürk (CTO), and Dr. Süleyman Özarslan (VP, Picus Labs), who drove innovations in attack readiness and mitigation.[1] Early traction came from developing transformative tools for cyber resilience, followed by a $27M Series B in 2021 led by Turkven (with Bek Ventures and Mastercard), enabling global expansion.[2] A pivotal $45M Series C in September 2024 from Riverwood Capital (with Bek Ventures) brought total funding to $80M, positioning Picus as the first mover in combining automated pen-testing, BAS, and rule validation in an open platform.[2]

Core Differentiators

Picus stands out in cybersecurity through these key strengths:

Unified Platform for AEV and CTEM: Evolves BAS by integrating automated penetration testing, attack path validation, and continuous exposure management, providing a holistic view of exploitable risks beyond basic control testing.[1][2]
Real-World Attack Simulation: Safely emulates adversary techniques across all defense layers (network, endpoint, email, cloud) with AI-enhanced prioritization, automated simulations, and rapid issue remediation, blocking 2x more threats in 90 days.[1][5]
Seamless Integrations and Ease of Use: Connects with existing security stacks (SIEM, EDR, etc.) for gap revelation and control tuning; praised for quick deployment, scheduling, and actionable insights by users in mid-market and enterprise settings.[5]
Proven Impact and Recognition: Reduces high/critical vulnerability backlogs by 86%, MTTR dramatically, and labor costs; Gartner-recognized in BAS/AEV markets with partnerships like Mastercard's Cyber Front platform.[2][5]

Role in the Broader Tech Landscape

Picus rides the explosive growth of cybersecurity validation markets, particularly BAS (foundational), AEV (Gartner-defined evolution), and CTEM, amid rising ransomware, nation-state threats, and regulatory pressures like evolving compliance standards.[1][2] Timing is ideal as enterprises shift from reactive detection to proactive, continuous validation—Picus's open-platform approach addresses siloed tools and manual pen-testing inefficiencies, aligning with AI-driven threat evolution.[2][5] Market forces favoring Picus include a $80M funding war chest for global scale (HQ in Delaware, R&D in Turkey), strategic alliances (e.g., Mastercard), and analyst nods for leadership in exposure management.[1][2] It influences the ecosystem by setting AEV standards, empowering security teams to pre-empt breaches, and enabling safer digital transformation in cloud-heavy environments.[1][5]

Quick Take & Future Outlook

Picus is poised to dominate AEV as the sole unified provider of BAS, automated pen-testing, and rule validation, with AI enhancements accelerating prioritization amid escalating threats.[2] Next steps likely include deeper AI integration, expanded cloud/email simulations, and further global penetration post-Series C, targeting doubled threat blocking as standard.[5] Trends like CTEM mandates and zero-trust architectures will propel growth, potentially drawing acquisition interest from giants like CrowdStrike or Palo Alto. As a 2013 pioneer, Picus's adversary-driven platform continues transforming cyber readiness, ensuring organizations stay ahead of breaches in an unforgiving landscape.[1][2]

Sources

Frequently Asked Questions

How much funding has Picus raised?

Picus has raised $77.0M in total across 4 funding rounds.

Who are Picus's investors?

Picus's investors include Accomplice VC, Andreessen Horowitz, Davidovs VC, Earlybird Venture Capital, Madrona Ventures, Mango Capital, Prototype Capital, Riverwood Capital, The Hit Forge, Jake Zeller, Matias Woloski, Melih Odemis.