Panaseer offers a Continuous Controls Monitoring (CCM) platform that correlates large volumes of data from disparate security tools to validate protections, identify failed controls, and surface exposures such as zero-day or vendor-specific vulnerabilities. The company positions CCM as a way to continuously measure and notify organizations of control failures so they can be remediated before becoming incidents. CEO Jonathan Gill says the funding will be used to scale the organization, expand implementation teams, and evolve the product to support more use cases. Panaseer targets regulated organizations or complex enterprises with assets worth protecting, a market the company describes as tens of thousands of organizations. Leadership and customers believe only a very small number of companies can currently solve this data-science–heavy problem, and Panaseer aims to broaden access. Financially, the company has raised $43 million to date following the latest round. Panaseer provides a platform that uses proprietary algorithms to perform entity resolution and create an accurate view of an organisation's assets, such as devices, applications and people. It continuously measures the security of those assets by automatically analysing data from the myriad of security technologies deployed, giving stakeholders a live view of risk through a common framework such as the NIST. The platform delivers analysis for a range of security use cases, including smart device inventory, vulnerability management, patch management, endpoint protection and privileged access management. Panaseer was founded in 2014 by CEO Nik Whitfield and is based on South Bank, London. It has 33 employees across two offices in London and New York. The company secured $10M in a Series A round in June 2018. Panaseer, founded in 2014 by CEO Nik Whitfield, is a London, UK-based cybersecurity data analytics company. It provides a big data analytics software platform designed to automate identification, measurement, communication and mitigation of cyber risk. The Panaseer Security Data Lake gives data-driven CISOs continuous visibility and automated reporting capability to optimize cyber hygiene and rapidly answer cyber risk questions from executives and regulators. Clients include the world’s largest financial institutions and critical infrastructure enterprises. Earlier this year the company opened its first international office in New York. Panaseer raised $3.25m in its latest round and intends to use the capital to expand into US and European markets; total funding to date is $5.6m. Panaseer provides a platform that ingests and analyzes data from disparate cybersecurity solutions and presents a visual interface for drilling into that information. The product is designed to help executives and boards understand security posture and prioritize budget and policy changes. Founded in 2014 by Nik Whitfield, the company serves major UK financial services customers and critical infrastructure enterprises. Panaseer secured $2.25M in seed funding and will use the proceeds to expand adoption of its solution. As part of its growth plans, the company is expanding to New York City.

Total raised

$42M

Funding rounds

4

Latest round

Series B

Latest activity

May 2021