World’s first social engineering CyberTech Picnic nets funding

Picnic, which claims to be the first social engineering prevention and detection platform, has raised $14m in its Series A funding round.

Crosslink Capital, Rally Ventures and Energy Impact Partners led the round.

Picnic claims the root of most major cyberattacks leverage social engineering, which involves attackers harvesting exposed public information to effectively research and attack people, companies and supply chains.

Picnic founder Matt Polak said, “2021 saw some of the largest ransomware attacks on critical infrastructure and the private sector. If as an industry we want to stop ransomware and other major attack vectors before they even start, we need to start thinking differently about how to solve the problem.

“At Picnic, we recognized early that this is a human problem, not a technical problem. Through the company’s platform, organizations can harden the human data layer – thus preventing attackers from gaining employee access.”

Its platform empowers organisations to see what attackers see and predict who might be targeted, with emulations of attacks powered by 1,000 data sources.

The platform also neutralises and eliminates data beyond the firewall that could fuel attacks. Its intelligence enriches existing security investments by making them more predictive and remove exposed information.

Finally, Picnic continuously monitors publicly available data and the latest attack vendors.

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