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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.

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.

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“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.

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.

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