Panaseer Raises £1.6M to Give Security Leaders a Data-Driven View of Their Cyber Risk

Panaseer, a London-based cybersecurity analytics company, has raised £1.6 million to develop its continuous controls monitoring platform. The company aggregates data from across an enterprise's security tools, IT systems, and asset management databases to give chief information security officers (CISOs) and their teams a real-time, quantitative view of whether the security controls they have invested in are actually working as intended — filling the critical gap between having security tools deployed and knowing whether those tools are delivering the coverage, configuration, and effectiveness their organisation needs.

The cybersecurity challenge facing large organisations is not primarily a shortage of security tools. Enterprise security teams typically operate dozens of products across endpoint protection, network monitoring, identity management, vulnerability scanning, and threat intelligence — a landscape that has grown in complexity and cost with each successive wave of threat-driven investment. The problem is that these tools generate an overwhelming volume of data, operate in silos with limited integration, and provide no reliable way for security leaders to answer the fundamental question: given everything we have deployed, how secure are we actually? This question is made more complex by the scale and dynamism of enterprise IT estates, where thousands of devices are added, changed, and decommissioned each month, and where the actual configuration and coverage of security tools frequently diverges from what management believes is in place.

Panaseer addresses this by acting as a continuous aggregation and analytics layer above the security tool estate. The platform ingests data from the security and IT systems already deployed, normalises and correlates it, and generates metrics that give security teams continuous visibility into control coverage, configuration compliance, asset risk, and the effectiveness of their security programmes. This enables a shift from periodic, manual security assessments — which provide a point-in-time view that is often already outdated by the time it is reported — to a continuous monitoring model where the security posture is tracked in near-real time and deviations are identified automatically.

The funding will be used to develop the platform's data ingestion and analytics capabilities, build integrations with major enterprise security products, and grow the company's customer base among large financial services, healthcare, and government organisations.

Sources

• Panaseer — company website