Global law firm White & Case LLP has advised Picus Security, the pioneer of Breach and Attack Simulation (BAS) technology, on its US$24 million Series B funding round.
The round brings Picus’s total funding to US$33 million and will be used to help accelerate the company’s expansion in North America as well as across EMEA and APAC. The Picus Complete Security Control Validation Platform simulates real-world cyber threats, including ransomware and APT groups, to enable enterprises to continuously assess and improve the effectiveness of their security controls. The platform includes more than 11,000 attacks and 70,000 actionable mitigations, and is updated daily to reflect the latest adversarial techniques and behaviors.
Established in 2013, Picus is recognized by Frost & Sullivan as one of the most innovative vendors in the BAS market and is the highest-rated BAS company based on reviews submitted to Gartner Peer Insights.
The White & Case team that advised on the transaction was led by partner Tali Sealman and included partner Laura McDaniels (Employee Compensation & Benefits) and associate Gabrielle Hodgson (M&A) in Silicon Valley, and partner Farhad Jalinous (CFIUS) in Washington, DC.
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