Panaseer raises $3.25 million in funding round
Panaseer, a cyber security data analytics company, today announces that it has raised $3.25 million in further funding from existing investors Albion, Notion Capital, and Winton Ventures and new investors Paladin Capital Group and Evolution Equity Partners. The new raise brings total investment into Panaseer to $5.6 million.
Panaseer offers 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 the continuous visibility and automated reporting capabilitiy they need to seamlessly optimise cyber hygiene across their environments and rapidly answer cyber risk questions from executives and regulators. Earlier this year, Panaseer opened its first international office in New York, in response to strong client demand from its growing portfolio of global financial services customers.
Panaseer raised $2.25 million in 2015 through a syndicated seed investment round. This new investment from Paladin Capital Group and Evolution Equity Partners – two established and globally focused private equity firms with deep expertise in cyber security – along with the continued support from Panaseer’s existing investors, further validates Panaseer’s product proposition, business model, and execution ability.