Security Experts:

Connect with us

Hi, what are you looking for?


Cybersecurity Funding

Automated Penetration Testing Startup Pcysys Raises $10 Million

Israeli cybersecurity firm Pcysys announced on Wednesday that it has completed a $10 million Series A funding round, which brings the total raised by the company to $15 million. 

Israeli cybersecurity firm Pcysys announced on Wednesday that it has completed a $10 million Series A funding round, which brings the total raised by the company to $15 million. 

Pcysys LogoPcysys, an acronym for “Proactive Cyber Systems”, offers an automated penetration testing platform that uses algorithms to scan and “ethically penetrate” corporate networks using various hacking techniques, and helps customers prioritize remediation efforts by identifying vulnerabilities that pose a higher risk. 

Founded in November 2015 by Arik Liberzon and Arik Faingold, the company says it has 50 employees and is approaching 100 paying enterprise customers.

According to Pcysys CEO, Amitai Ratzon,  the company plans to use the additional funding to expand its sales and support efforts in North America and EMEA and to further develop its enterprise technology.

The Series A funding round was led by Canadian venture capital firm, Awz Ventures, along with investment giant Blackstone. 

Written By

For more than 10 years, Mike Lennon has been closely monitoring the threat landscape and analyzing trends in the National Security and enterprise cybersecurity space. In his role at SecurityWeek, he oversees the editorial direction of the publication and is the Director of several leading security industry conferences around the world.

Click to comment

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Join this webinar to learn best practices that organizations can use to improve both their resilience to new threats and their response times to incidents.


Join this live webinar as we explore the potential security threats that can arise when third parties are granted access to a sensitive data or systems.


Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

Network Security

NSA publishes guidance to help system administrators identify and mitigate cyber risks associated with transitioning to IPv6.


Websites of German airports, administration bodies and banks were hit by DDoS attacks attributed to Russian hacker group Killnet


Twenty-one cybersecurity-related M&A deals were announced in December 2022.

Identity & Access

Zero trust is not a replacement for identity and access management (IAM), but is the extension of IAM principles from people to everyone and...


More than 450 cybersecurity-related mergers and acquisitions were announced in 2022, according to an analysis conducted by SecurityWeek

Identity & Access

Hackers rarely hack in anymore. They log in using stolen, weak, default, or otherwise compromised credentials. That’s why it’s so critical to break the...