Portuguese Group Sonae co-leads investment of USD 20 M in US tech company Picnic

Portuguese Group Sonae co-leads investment of USD 20 M in US tech company Picnic - Portugal Business news

Portuguese Group Sonae co-leads an investment of USD 20 M in US tech company Picnic through its investment firm Bright Pixel Capital.

Portuguese multinational Sonae, that is listed on the Euronext PSI-20 in Lisbon, is investing in US company Picnic, that is a leading automated platform for the prevention of social engineering cyberattacks.

Through Bright Pixel Capital, Sonae is leading the extension of the Series A funding round jointly with Energy Impact Partners. Picnic is the leading platform for the prevention of social engineering cyberattacks through its Open-Source Intelligence (OSINT) platform.

Social engineering remains the top technique used by hackers for cybersecurity breaches that result in successful ransomware attacks and sabotage globally. Picnic offers a cybersecurity solution that proactively disrupts attacker reconnaissance. Since hackers scan data to look for human targets, Picnic automatically analyzes and flags public data for risks that security teams can then prioritize to prevent attacks.

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