Washington D.C.-based cybersecurity firm Picnic Corporation announced it has the completed an extension of its Series A funding, reaching a total $20 million in financing for its platform designed to prevent social engineering attacks and initial access by disrupting attacker Open-Source Intelligence (OSINT) reconnaissance on companies and their employees.
The round was led by Energy Impact Partners and Bright Pixel (formerly Sonae IM) with continued participation from existing investors Crosslink Capital and Rally Ventures. In this round, Picnic added new venture investment from Red Shepherd Venture and strategic individuals such as Chris Key, former Chief Product Officer of Mandiant and the founder of Verodin.
“Everyone knows the human element is the single largest attack vector and security risk. I invested in Picnic because I believe their technology can change the game for security teams,” Chris Key said.
Picnic launched the platform in early 2022. According to the company, the platform’s technology continuously monitors and reduces company and employee OSINT exposure, commonly leveraged for social engineering and initial access, preemptively disrupts attacker reconnaissance and resource development, and proactively neutralizes human risk beyond the corporate perimeter to prevent organizational compromise,
In February 2022, Picnic raised $14 million in another Series A funding led by Crosslink Capital, Rally Ventures, with participation from Energy Impact Partners.
Image source: getpicnic.com Press release source: world.einnews.com
