Panaseer Raises $2.25 Million Seed Investment

  • Nov 12, 2015

Cybersecurity software company, Panaseer, has successfully raised $2.25 million through a syndicated investment round. The investors include Albion Ventures, Notion Capital, Winton Technology Ventures C5 Holdings, and Elixirr.

“We are delighted to be a part of this seed investment round,” Stephen Newton, Founder & Managing Partner of Elixirr said. “We love to invest in game-changing companies and the insight Panaseer can provide to enterprises is unrivalled. We know from our clients that cyber security is a big topic around the boardroom table at the moment and we are looking forward to seeing Panaseer join these conversations.”

Panaseer uses the latest data science techniques to help major corporations answer the question, “How Secure are We?" The company has built a platform which analyses the data provided by all the different cyber security solutions and provides a visual interface to drill down into and understand this information, and so inform board-level decisions on the allocation of security budgets or weaknesses in cybersecurity policies.

“Recent high profile hacks have shot cyber security to the top of company’s risk concerns and major enterprises are only too aware of the threats they might face from the various hacking groups who target them,” Nik Whitfield, CEO of Panaseer said. “New Big Data technologies such as the Panaseer Security Data Lake allow us to analyze this cyber-relevant data to produce previously unobtainable insight.”

A key trend to note is that cyber crime has latterly become highly sophisticated: advanced tools that were previously the domain of national espionage have filtered down to the criminal world, with organized gangs behind highly targeted attacks to steal cash and trade secrets from multi-national enterprises.

“Cyber security has become a central question for boards and CEOs, and Panaseer is perfectly placed to deliver security insights to key decision makers while ensuring that IT managers optimize security spending around solutions that deliver proven value,” Daniel Freeman, C5 Accelerate said.

Panaseer was founded in 2014 by Nik Whitfield and a team of cyber security experts from BAE Systems.  It is one of a new wave of UK cyber security start-ups working with commercial enterprises and was selected to accompany Prime Minister David Cameron to Washington DC earlier this year as part of a cyber-security delegation.  Panaseer has since signed its first New York based Financial Services client.

Featured

  • Empowering and Securing a Mobile Workforce

    What happens when technology lets you work anywhere – but exposes you to security threats everywhere? This is the reality of modern work. No longer tethered to desks, work happens everywhere – in the office, from home, on the road, and in countless locations in between. Read Now

  • TSA Introduces New $45 Fee Option for Travelers Without REAL ID Starting February 1

    The Transportation Security Administration (TSA) announced today that it will refer all passengers who do not present an acceptable form of ID and still want to fly an option to pay a $45 fee to use a modernized alternative identity verification system, TSA Confirm.ID, to establish identity at security checkpoints beginning on February 1, 2026. Read Now

  • The Evolution of IP Camera Intelligence

    As the 30th anniversary of the IP camera approaches in 2026, it is worth reflecting on how far we have come. The first network camera, launched in 1996, delivered one frame every 17 seconds—not impressive by today’s standards, but groundbreaking at the time. It did something that no analog system could: transmit video over a standard IP network. Read Now

  • From Surveillance to Intelligence

    Years ago, it would have been significantly more expensive to run an analytic like that — requiring a custom-built solution with burdensome infrastructure demands — but modern edge devices have made it accessible to everyone. It also saves time, which is a critical factor if a missing child is involved. Video compression technology has played a critical role as well. Over the years, significant advancements have been made in video coding standards — including H.263, MPEG formats, and H.264—alongside compression optimization technologies developed by IP video manufacturers to improve efficiency without sacrificing quality. The open-source AV1 codec developed by the Alliance for Open Media—a consortium including Google, Netflix, Microsoft, Amazon and others — is already the preferred decoder for cloud-based applications, and is quickly becoming the standard for video compression of all types. Read Now

  • Cost: Reactive vs. Proactive Security

    Security breaches often happen despite the availability of tools to prevent them. To combat this problem, the industry is shifting from reactive correction to proactive protection. This article will examine why so many security leaders have realized they must “lead before the breach” – not after. Read Now

Most   Popular

New Products

  • Compact IP Video Intercom

    Viking’s X-205 Series of intercoms provide HD IP video and two-way voice communication - all wrapped up in an attractive compact chassis.

  • Unified VMS

    AxxonSoft introduces version 2.0 of the Axxon One VMS. The new release features integrations with various physical security systems, making Axxon One a unified VMS. Other enhancements include new AI video analytics and intelligent search functions, hardened cybersecurity, usability and performance improvements, and expanded cloud capabilities

  • PE80 Series

    PE80 Series by SARGENT / ED4000/PED5000 Series by Corbin Russwin

    ASSA ABLOY, a global leader in access solutions, has announced the launch of two next generation exit devices from long-standing leaders in the premium exit device market: the PE80 Series by SARGENT and the PED4000/PED5000 Series by Corbin Russwin. These new exit devices boast industry-first features that are specifically designed to provide enhanced safety, security and convenience, setting new standards for exit solutions. The SARGENT PE80 and Corbin Russwin PED4000/PED5000 Series exit devices are engineered to meet the ever-evolving needs of modern buildings. Featuring the high strength, security and durability that ASSA ABLOY is known for, the new exit devices deliver several innovative, industry-first features in addition to elegant design finishes for every opening.