About Picus Security
Picus Security is a company based in Ankara (Turkey) founded in 2013 by Hamdi Alper Memis.. Picus Security has raised $74 million across 4 funding rounds from investors including Mastercard, Riverwood Capital and Earlybird. Picus Security offers products and services including Security Validation Platform, Breach and Attack Simulation, Automated Penetration Testing, and Adversarial Exposure Validation. Picus Security operates in a competitive market with competitors including SimSpace, Cymulate, Cyberbit, SafeBreach and SCYTHE, among others.
- Headquarter Ankara, Turkey
- Founders Hamdi Alper Memis
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Picus Security Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$74 M (USD)
in 4 rounds
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Latest Funding Round
$45 M (USD), Series C
Sep 19, 2024
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Investors
Mastercard
& 5 more
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Employee Count
Employee Count
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Products & Services of Picus Security
Picus Security offers a comprehensive portfolio of products and services, including Security Validation Platform, Breach and Attack Simulation, Automated Penetration Testing, and Adversarial Exposure Validation. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for simulating attacks to validate security controls.
Simulates real-world attacks to measure security effectiveness.
Automates testing to identify and prioritize exposures.
Provides holistic view of security posture through simulations.
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Funding Insights of Picus Security
Picus Security has successfully raised a total of $74M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $45 million completed in September 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series C — $45.0M
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First Round
First Round
(25 Oct 2019)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Series C - Picus Security | Valuation | Riverwood Capital | |
| May, 2022 | Amount | Series B - Picus Security | Valuation | Mastercard |
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| Oct, 2021 | Amount | Series B - Picus Security | Valuation | Turkven |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Picus Security
Picus Security has secured backing from 6 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Mastercard, Riverwood Capital and Earlybird. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Carveout investments are managed by Riverwood Capital in private equity.
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Earlybird is recognized as a venture capital investor focused on early-stage tech companies.
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Venture advisory and investment services through entities in Guernsey and Istanbul.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Picus Security
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Picus Security
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Picus Security Comparisons
Competitors of Picus Security
Picus Security operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as SimSpace, Cymulate, Cyberbit, SafeBreach and SCYTHE, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Cyber risk management platform to validate cyber security
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Cloud-based cyber-range solutions are offered for IT security assessments.
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Cloud-based cyber range platform is offered for cybersecurity training.
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Vulnerability assessment and breach prevention solutions are offered through simulations.
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Adversary emulation platform provided for vulnerability assessment.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Picus Security
Frequently Asked Questions about Picus Security
When was Picus Security founded?
Picus Security was founded in 2013 and raised its 1st funding round 6 years after it was founded.
Where is Picus Security located?
Picus Security is headquartered in Ankara, Turkey. It is registered at Ankara, Ankara, Turkey.
Who is the current CEO of Picus Security?
Hamdi Alper Memis is the current CEO of Picus Security. They have also founded this company.
Is Picus Security a funded company?
Picus Security is a funded company, having raised a total of $74M across 4 funding rounds to date. The company's 1st funding round was a Series B of $24M, raised on Oct 25, 2019.
What does Picus Security do?
Picus Security was founded in 2013 in Ankara, Turkey, and operates in the cybersecurity sector. Vulnerability assessments of security systems in production environments are conducted through hosted options for internet vector testing and on-site installations for internal and cross-zone testing. The solutions are delivered as virtual appliances or software compatible with physical or virtual Linux platforms. An attack database is maintained, categorizing threats and dynamic obfuscation techniques employed by hackers.
Who are the top competitors of Picus Security?
What products or services does Picus Security offer?
Picus Security offers Security Validation Platform, Breach and Attack Simulation, Automated Penetration Testing, and Adversarial Exposure Validation.
Who are Picus Security's investors?
Picus Security has 6 investors. Key investors include Mastercard, Riverwood Capital, Earlybird, Turkven, and Nathan Dornbrook.
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