Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cybersecurity Funding

Security Validation Firm Pentera Raises $150 Million at $1 Billion Valuation

Automated security validation firm has now raised nearly $190 million in funding.

Boston, USA and Tel Aviv, Israel-based automated security validation (ASV) firm Pentera has raised $150 million in a Series C funding round led by K1 Investment Management, with participation from Evolution Equity Partners and Insight Partners.

This brings the total raised so far to $189.5 million, and values the company at $1 billion.

ASV solves the twin problem of penetration testing and patch/remediation prioritization. Traditional penetration testing and red teaming is expensive and time-consuming, and provides only a slice-in-time view of security readiness. A successful pentest last week does not mean you have the same level of resilience this week – and the only solution is to automate the process for continuous validation.

“Pentera’s growth has proven that enterprises are no longer willing to compromise for assumptions and simulations, but rather demand real-world validation of their security resilience against the latest cyberattacks,” said Amitai Ratzon, CEO at Pentera.

The new funds will be used to grow Pentera’s global operations, double its workforce from 150 to 300 personnel, and increase the product portfolio. Two of the most recent examples are the RansomwareReady and Log4Shell validation modules.

The first emulates a complete ransomware attack, from initial exploitation through encryption to data exfiltration. This allows the customer to gauge its resilience against ransomware attacks.

The second helps the customer understand its resilience against Log4Shell attacks. Pentera discusses the complexities of remediating this vulnerability in a separate blog.

Pentera was founded in 2015 by Arik Liberzon (CTO) and Arik Faingold (Chairman). Liberzon was formerly head of the cyber warfare group with the Israeli Defense Force Computer Service Directorate. Faingold is a serial entrepreneur having also co-founded Banshee Development and Comm-IT.

Advertisement. Scroll to continue reading.

Related: Randori Arms Red Teams With New Automated Attack Platform

Related: Automated Penetration Testing Startup Pcysys Raises $10 Million

Related: Breach-and-Attack Simulation Firm SafeBreach Raises $19 Million

Related: Cyberattack Simulation Company XM Cyber Raises $17 Million

Written By

Kevin Townsend is a Senior Contributor at SecurityWeek. He has been writing about high tech issues since before the birth of Microsoft. For the last 15 years he has specialized in information security; and has had many thousands of articles published in dozens of different magazines – from The Times and the Financial Times to current and long-gone computer magazines.

Click to comment

Trending

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 the session as we discuss the challenges and best practices for cybersecurity leaders managing cloud identities.

Register

SecurityWeek’s Ransomware Resilience and Recovery Summit helps businesses to plan, prepare, and recover from a ransomware incident.

Register

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.

Vulnerabilities

Less than a week after announcing that it would suspended service indefinitely due to a conflict with an (at the time) unnamed security researcher...

Cybersecurity Funding

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

Data Breaches

OpenAI has confirmed a ChatGPT data breach on the same day a security firm reported seeing the use of a component affected by an...

IoT Security

A group of seven security researchers have discovered numerous vulnerabilities in vehicles from 16 car makers, including bugs that allowed them to control car...

Vulnerabilities

A researcher at IOActive discovered that home security systems from SimpliSafe are plagued by a vulnerability that allows tech savvy burglars to remotely disable...

Risk Management

The supply chain threat is directly linked to attack surface management, but the supply chain must be known and understood before it can be...

Cybercrime

Patch Tuesday: Microsoft calls attention to a series of zero-day remote code execution attacks hitting its Office productivity suite.