What is Panaseer?
Founded in 2014 and based in the United Kingdom, Panaseer operates as a pioneering Continuous Controls Monitoring platform for enterprise cybersecurity. The company provides real-time visibility into an organization's assets, applications, and IT estate, enabling robust security posture management. Panaseer's innovative approach addresses critical gaps in traditional security monitoring by offering a comprehensive and continuous view of an enterprise's digital footprint, thereby enhancing its defense capabilities against evolving cyber threats.
How much funding has Panaseer raised?
Panaseer has raised a total of $38.8M across 3 funding rounds:
Angel/Seed
$2.3M
Series A
$10M
Series B
$26.5M
Angel/Seed (2015): $2.3M with participation from C5 Accelerate, Albion Ventures, Notion Capital, and Elixirr
Series A (2018): $10M, investors not publicly disclosed
Series B (2021): $26.5M supported by Evolution Equity Partners, National Grid Partners, Albion Capital Group, National Grid Partners, Notion Capital, Cisco Investments, Paladin Capital Group, and AllegisCyber Capital
Key Investors in Panaseer
Albion Ventures
AlbionVC is the technology investment arm of Albion Capital Group LLP, focusing on high-growth B2B software and technology-enabled services companies, primarily in the UK, from seed to Series B.
Notion Capital
Notion Capital is a leading early-stage venture capital firm specializing in investments in B2B SaaS and cloud services across Europe, providing capital and support for ambitious brands.
Evolution Equity Partners
Evolution Equity Partners is an international venture capital firm specializing in cybersecurity investments, partnering with entrepreneurs to build market-leading companies.
What's next for Panaseer?
With its recent major strategic investment, Panaseer is poised to accelerate its growth and further solidify its market leadership. The substantial backing suggests a focus on scaling operations, expanding its product development, and potentially entering new geographic markets. This capital will likely be instrumental in enhancing its Continuous Controls Monitoring platform, driving innovation in cybersecurity asset management, and strengthening its competitive advantage in the enterprise security landscape. The company's strategic financing indicates a strong market demand for its solutions and a promising outlook for future development and market penetration.
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