Picus Security
Picus Security Raises $45M in Growth
Quick Facts
Picus Security Raises $45M in Growth
Picus Security has successfully raised $45M in a Growth at a $250M valuation led by Insight Partners, Battery Ventures.
Company Overview
Picus Security is a Cybersecurity company headquartered in San Francisco, CA, founded in 2017 with 150+ employees.
Security validation platform simulating cyberattacks
Fundraising Details
- Amount Raised: $45M
- Round Type: Growth
- Valuation: $250M
- Date: 2024-10-26
- Investors: Insight Partners, Battery Ventures
About Picus Security
Security validation platform simulating cyberattacks The company is positioned in the Cybersecurity sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: San Francisco, CA
- Founded: 2017
- Team Size: 150+
- Industry: Cybersecurity
What This Means
This funding round demonstrates strong investor confidence in Picus Security's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Cybersecurity sector continues to attract significant investment as companies innovate to meet evolving market demands. Picus Security's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $250M valuation marks an important milestone for Picus Security, positioning the company among notable players in the Cybersecurity industry.
Looking Ahead
With this new capital, Picus Security is well-positioned to execute on its growth strategy and continue building innovative solutions in the Cybersecurity space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
This fundraising news was reported on 2024-10-26. For more information about Picus Security, visit their headquarters at San Francisco, CA.
About the Author
Related Company Reports
ConCntric Raises $10M in Series A
ConCntric, a PropTech company based in Austin, TX, has raised $10M in Series A at a $55M valuation led by Foundry Group, Fifth Wall.
Glue Raises $20M in Series A
Glue, a SaaS company based in San Francisco, CA, has raised $20M in Series A at a $100M valuation led by Kleiner Perkins, General Catalyst.
Glean Raises $260M in Series F
Glean, a AI/ML company based in Palo Alto, CA, has raised $260M in Series F at a $4.6B valuation led by Kleiner Perkins, Lightspeed, Sequoia.