Panaseer Raises $26.5M in Series B Funding
Panaseer, a London, UK- and NYC-based Continuous Controls Monitoring platform for enterprise security, secured $26.5m in series B funding.
The round, which brought total funding raised to date to $43m, was led by AllegisCyber Capital with participation from existing investors Evolution Equity Partners, Notion Capital, AlbionVC, Cisco Investments and Paladin Capital Group, as well as new investor, National Grid Partners.
The company intends to use the funds to continue to expand operations, its development efforts and business reach.
Led by Jonathan Gill, CEO, Panaseer provides a Continuous Controls Monitoring (CCM) platform for enterprise security. The CCM platform uniquely correlates data from all security tools to identify and measure missing assets, control gaps, and advise on underperforming controls.
Panaseer, which takes a data science approach to cybersecurity, has raised $26.5 million in a Series B funding led by AllegisCyber Capital. Existing investors, including Evolution Equity Partners, Notion Capital, AlbionVC, Cisco Investments and Paladin Capital Group, as well as new investor National Grid Partners, also participated.
Cybersecurity startup Panaseer raises $26 5M Series B led by AllegisCyber Capital yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.