Panorays

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Panorays
TypePrivate
IndustryTechnology, IT risk management
Founded2016 (2016)
FoundersMatan Or-El, Meir Antar, Demi Ben-Ari
Headquarters
New York City
,
United States
Area served
Global
Websitewww.panorays.com

Panorays is a SaaS-based third-party security risk management platform. It was founded in 2016 and is headquartered in New York, United States.[1]

History[]

Matan Or-El and Meir Antar, along with Demi Ben-Ari, created Panorays in 2016 as an automated third-party security risk management platform.[2] In June 2018, Panorays received a $5 million funding round, led by Aleph venture capital.[2][3] In December 2019, Panorays received $15 million in Series A funding, led by Oak HC/FT and former Palo Alto Networks chief executive officer, Lane Bess.[4][5]

Technology[]

The Panorays platform gives visibility into and control over third-party security risk through a three-pronged approach to risk assessment - automated vendor questionnaires, assessment of a third-party's external attack surface, and the nature and criticality of the business relationship.[4] The platform also checks vendor compliance with multiple regulations, including the European Union’s General Data Protection Regulation (GDPR), California Consumer Privacy Act (CCPA), New York State Department of Financial Services (NYDFS), and automates the Standardized Information Gathering (SIG) and Consensus Assessments Initiative (CAIQ) questionnaires. It continuously monitors and evaluates third-party security risk, helping companies ensure their vendors are in alignment with their security policies, regulations, and risk appetite.[6][7][8]

Awards[]

  • Most Innovative Third-Party Risk Management (TPRM) Solution - InfoSec Award (2020)[9]
  • Startup of the Year - ISPG Global Excellence Awards (2019)[10]
  • Startup of the Year - Golden Bridge Awards (2018)[10]

References[]

  1. ^ "Energy Giant Shell Is Latest Victim of Accellion Attacks". threatpost.com. Retrieved 2021-04-15.
  2. ^ a b "Israeli SaaS cybersecurity co Panorays raises $5m". Globes. 2018-05-06. Retrieved 2021-04-15.
  3. ^ CISOMAG (2018-06-07). "Israeli startup Panorays receives early stage funding of $5 million". CISO MAG | Cyber Security Magazine. Retrieved 2021-04-15.
  4. ^ a b "Israeli cybersecurity startup Panorays raises $15M". SiliconANGLE. 2019-12-04. Retrieved 2021-04-15.
  5. ^ "Panorays Raises $15 Million in Series A Funding Round | SecurityWeek.Com". www.securityweek.com. Retrieved 2021-04-15.
  6. ^ "GDPR Drives Changes, but Privacy by Design Proves Elusive". Dark Reading. Retrieved 2021-04-15.
  7. ^ "One Year Later: First GDPR Execution Overview Reveals There's Still Work to Do". The State of Security. 2019-05-22. Retrieved 2021-04-15.
  8. ^ "How Much Responsibility Should Monster.com Take for Third Party Data Breach?". CPO Magazine. 2019-09-13. Retrieved 2021-04-15.
  9. ^ "Panorays Named Most Innovative Third-Party Risk Management Solution by Cyber Defense Magazine". News Break. Retrieved 2021-03-13.
  10. ^ a b Vogelman, Seth J. (2019-12-24). "The Fortnightly for 25 XII 2019". Cite journal requires |journal= (help)
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