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Panaseer nabs $10m in Series A funding


Cybersecurity company Panaseer has raised $10m in Series A funding.

The round was led by Evolution Equity Partners with support from Notion Capital, Albion Capital, Winton Ventures, Paladin Capital Group and Cisco Investments.

Panaseer’s platform uses proprietary algorithms to create an ‘accurate’ view of an organisation’s assets, devices, applications and people. The company was founded in 2014 by a team of computer and data scientists, including Nik Whitfield, who previously led the CyberReveal analytics business.

The company employs 33 people across two offices in London and New York. It’s raised $15.6m to date, including a $5.6m Seed round, announced earlier in the year.

Nik Whitfield, Panaseer’s founder and CEO, commented: “Organisations are under immense pressure due to high-profile data breaches, disruptive ransomware such as WannaCry and NotPetya, and an evolving regulatory environment, such as the EU General Data Protection Regulation (GDPR). ...