What is Panaseer?
Founded in 2014, Panaseer operates as the first Continuous Controls Monitoring platform specifically designed for enterprise cybersecurity. The company provides real-time visibility into a company's assets, applications, and overall IT estate, enabling organizations to proactively manage and mitigate cybersecurity risks. Panaseer's innovative approach addresses the critical need for continuous assessment and assurance in today's complex digital environments, positioning it as a key player in the cybersecurity technology landscape.
How much funding has Panaseer raised?
Panaseer has raised a total of $38.8M across 3 funding rounds:
Angel/Seed
$2.3M
Series A
$10M
Series B
$26.5M
Angel/Seed (2015): $2.3M with participation from Elixirr, Albion Ventures, C5 Accelerate, and Notion Capital
Series A (2018): $10M, investors not publicly disclosed
Series B (2021): $26.5M supported by Evolution Equity Partners, Albion Capital Group, National Grid Partners, Paladin Capital Group, National Grid Partners, AllegisCyber Capital, Cisco Investments, and Notion Capital
Key Investors in Panaseer
Elixirr
Elixirr is a global management consulting firm that advises companies on business strategy, digital transformation, and innovation. They partner with senior leaders to design new business models and launch ventures.
Albion Ventures
AlbionVC is the technology investment arm of Albion Capital Group LLP, focusing on high-growth B2B software and technology-enabled services companies, primarily in the UK, from seed to Series B.
Evolution Equity Partners
Evolution Equity Partners is an international venture capital firm specializing in cybersecurity investments, partnering with entrepreneurs to build market-leading companies and offering extensive operational and technical expertise.
What's next for Panaseer?
The recent major strategic investment signals Panaseer's transition into a scaling phase, likely aimed at expanding its market reach, enhancing its platform capabilities, and potentially exploring new geographical markets. With substantial backing, the company is poised to further solidify its position as a leader in continuous controls monitoring. Future developments may include strategic partnerships, further product innovation to address evolving cyber threats, and an increased focus on enterprise-wide adoption of its solutions. This capital infusion is expected to accelerate Panaseer's growth trajectory and reinforce its competitive advantage.
See full Panaseer company page
