Picus Security, a leading cybersecurity company and a standout venture from Türkiye's TURCORN 100 tech initiative, has raised USD 45 million in its latest funding round, bringing its total investment to USD 80 million. The round was led by Riverwood Capital, with participation from existing investor Earlybird Digital East Fund.
Founded in 2013 by Aycan İrican, Hamdi Alper Memiş, Süleyman Özarslan, and Volkan Ertürk in San Francisco, Picus Security specializes in cybersecurity attack simulation technologies. The company currently serves over 500 enterprise customers worldwide and plans to use the new investment to drive product innovation and expand its customer support, sales, and marketing operations.
Picus Security enables cybersecurity teams to consolidate data from various independent security tools, providing a clearer picture of cyber risks. This capability helps organizations prioritize and validate critical security vulnerabilities, ensuring a more effective approach to risk management.
Picus Security CEO and Co-founder Alper Memiş attributed the company's success to the strength of Türkiye's technology ecosystem, highlighting the growing corporate demand for more effective vulnerability management solutions. He also announced that Picus plans to launch new exposure management technologies within the next 12 to 18 months.