Diligence memo · auto-generated · as of July 2, 2026
Picus Security, Inc.
Picus Security, Inc. has raised $69M over 2 rounds; too few niche peers to rank its valuation yet.
Businessfiled
Picus Security, Inc. operates in Cybersecurity, based in Wilmington.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Picus Security, Inc. has raised $69M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series C (a $40M–$100M round).
Largest single filing: $45M on 2024-09-11.
Most recent recorded round closed around 2024-09-11.
Valuation (modeled)modeled
Provath models Picus Security, Inc. at approximately $418M (range $174M–$618M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Historic cadence: a new round about every 35 months.
Last raise 22 mo ago; this sector typically re-raises about every 15 months.
Slightly overdue versus sector cadence.
The last round stepped up 1.9× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 93% of Cybersecurity peers (270 compared).
Modeled value ranks above 91% of those peers.
Closest niche peers: Cybersyn, Inc., Secure Tomorrow (01-45), Llc, Pindrop Security, Inc..
Peoplefiled
8 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.