Panorays offers a cloud-based platform designed to assess and manage the security risks associated with third-party vendors and suppliers. The platform combines automated security questionnaires with external attack surface assessments and business context to provide its users with visibility into the security postures of their third-party vendors. The platform also provides continuous monitoring capabilities to provide clients with insights into the potential risks, enabling proactive risk management.
The company’s platform has been adopted by leading banking, insurance, financial services, and healthcare organizations, among others.
Funding and financials
In September 2021, the company raised USD 42 million in a Series B funding round led by Greenfield Partners. The funding round also saw the participation of existing investors Aleph and Oak HC/FT as well as several new investors. The proceeds were channeled toward product development initiatives and expansion in the US and internationally.
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