Panorays is a

SaaS Software as a service (SaaS ) is a cloud computing service model where the provider offers use of application software to a client and manages all needed physical and software resources. SaaS is usually accessed via a web application. Unlike oth ...

-based, third-party security risk management platform. It was founded in 2016 and is headquartered in

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History

Matan Or-El, Meir Antar, and Demi Ben-Ari, created Panorays in 2016 as an automated third-party security risk management platform. In June 2018, Panorays received a $5 million funding round, led by Aleph venture capital. In December 2019, Panorays received $15 million in Series A funding, led by Oak HC/FT and former

Palo Alto Networks Palo Alto Networks, Inc. is an American multinational cybersecurity company with headquarters in Santa Clara, California. The core product is a platform that includes advanced firewalls and cloud-based offerings that extend those firewalls to ...

chief executive officer, Lane Bess.

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. The platform also checks vendor compliance with multiple regulations, including the European Union’s

General Data Protection Regulation The General Data Protection Regulation (Regulation (EU) 2016/679), abbreviated GDPR, is a European Union regulation on information privacy in the European Union (EU) and the European Economic Area (EEA). The GDPR is an important component of ...

(GDPR),

California Consumer Privacy Act The California Consumer Privacy Act (CCPA) is a state statute intended to enhance privacy rights and consumer protection for residents of the state of California in the United States. The bill was passed by the California State Legislature and si ...

(CCPA),

New York State Department of Financial Services The New York State Department of Financial Services (DFS or NYSDFS) is the department of the New York state government responsible for regulating financial services and products, including those subject to the New York insurance, banking and fin ...

(NYDFS), and automates the Standardized Information Gathering (SIG) and Consensus Assessments Initiative Questionnaires (CAIQ). 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.

References

{{Reflist Computer security companies Technology companies established in 2016