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.
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.