Pico was a 5-year research project at the University of Cambridge, conceived and led by Professor Frank Stajano and funded by the European Research Council. Cambridge Authentication Ltd was founded in 2016 by Frank Stajano and his then Research Associate Dr David Llewellyn-Jones to develop and support Pico commercially. It was admitted into several business accelerators for cyber-startups: HutZero, ICURe, CSIT, ASI and CyLon. The company is now being dissolved and its founders are no longer working together. Most of the Pico software has been released as GPL v3 open source on github on an "as is" basis.