What is Panorays?
Panorays operates as a sophisticated SaaS-based provider specializing in third-party security risk management. By leveraging advanced automation, the platform enables enterprise and mid-market organizations to evaluate, monitor, and remediate security risks associated with their vendors and partners. The company's technology is particularly vital for highly regulated sectors, including banking, insurance, financial services, and healthcare, where data integrity and compliance are paramount. Headquartered in New York and Israel, Panorays has successfully integrated its solutions into the workflows of global organizations, effectively bridging the gap between complex security assessments and actionable business intelligence.
How much funding has Panorays raised?
Panorays has raised a total of $62M across 3 funding rounds:
Unspecified
$5M
Series A
$15M
Series B
$42M
Unspecified (2018): $5M with participation from Aleph
Series A (2019): $15M led by Oak HC/FT Partners LLC
Series B (2021): $42M supported by Moneta VC, Oak HC/FT, BlueRed Partners, Greenspring Associates, Greenfield Partners, and Aleph
Key Investors in Panorays
Oak HC/FT
A premier venture growth-equity fund focused on transforming the healthcare and financial services sectors through strategic counsel and extensive industry networks.
Moneta VC
Israel's most active Fintech fund, providing comprehensive support and strategic guidance to startups through a unique ecosystem of financial institutions.
BlueRed Partners
A Singapore-based investment firm that targets disruptive, early, and growth-stage technology companies from Israel to foster development in Asian markets.
What's next for Panorays?
With the recent capital injection, Panorays is well-positioned to deepen its market penetration and enhance its technological capabilities. The strategic focus will likely center on expanding its footprint in key international markets and refining its automated risk assessment algorithms to counter increasingly sophisticated cyber threats. As the enterprise landscape continues to prioritize supply chain resilience, Panorays is poised to leverage its current momentum to solidify its status as a market leader in the third-party risk management ecosystem, potentially exploring further product diversification to meet the evolving needs of its global client base.
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