【191204 Securityboulevard】Panorays, a rapidly growing provider of automated third-party security lifecycle management, has raised $15 million in a Series A funding round led by Oak HC/FT. Dan Petrozzo, partner at Oak HC/FT, will join the company’s Board of Directors. Previous investors Aleph VC and security industry veteran Lane Bess, former CEO of Palo Alto Networks, also participated in the round.
【谷歌翻译，未经校对】纽约，2019年12月4日-快速增长的自动化第三方安全生命周期管理提供商Panorays在由Oak HC / FT牵头的A轮融资中筹集了1500万美元。 Oak HC / FT的合伙人Dan Petrozzo将加入公司的董事会。先前的投资人Aleph VC和Palo Alto Networks前首席执行官的安全行业资深人士Lane Bess也参加了这一轮融资。
“Panorays is reestablishing trust between businesses by facilitating secure partnerships with companies and their third-party vendors,” said Matan Or-El, co-founder and CEO of Panorays. “Panorays’ mission is to dissipate concerns over fulfilling the necessary security requirements and rebuild trust by providing visibility and mitigating risk. We’re fortunate to have a partner like Oak HC/FT that recognizes this pain point and the dire need for businesses to speak a common security language.”
Panorays联合创始人兼首席执行官Matan Or-El说：“ Panorays通过促进与公司及其第三方供应商的安全合作伙伴关系来重新建立企业之间的信任。” “ Panorays的使命是消除对满足必要安全要求的担忧，并通过提供可见性和降低风险来重建信任。我们很幸运能有一个像Oak HC / FT这样的合作伙伴，他们认识到了这一痛点，并且企业迫切需要使用一种通用的安全语言。”
“The increase in data privacy regulations, including GDPR and CCPA, and the growing risk of supply chain attacks are changing the way companies approach data privacy and third-party cybersecurity,” said Oak HC/FT Partner Dan Petrozzo. “Panorays is the only platform that enables companies to quickly and easily increase cyber resilience across their supply chains without operational delays. We’re proud to back the Panorays team as they continue to make security an efficient, integrated part of companies’ daily business operations.”
Oak HC / FT合伙人Dan Petrozzo说：“包括GDPR和CCPA在内的数据隐私法规的增加，以及供应链攻击的风险不断增加，正在改变公司处理数据隐私和第三方网络安全的方式。” “ Panorays是使公司能够快速，轻松地提高其整个供应链网络抗灾能力而又不会造成运营延迟的唯一平台。我们很自豪能够支持Panorays团队，因为他们继续使安全性成为公司日常业务运营中高效，集成的一部分。”
According to a Ponemon Institute study, 61 percent of U.S. respondents reported that their organizations experienced a data breach caused by one of their third parties. The majority of respondents also indicated that they did not have sufficient resources to manage third-party relationships. Coupled with these numbers is a rise in the percentage of third parties that share organizations’ sensitive and confidential data, from 37 percent in 2016 to 43 percent in 2018.
The Panorays SaaS platform is transforming the way companies securely do business with third parties. Until now, companies performed an arcane process of sending spreadsheet questionnaires for regulation adherence or did not have an established third-party security program. Panorays provides the required visibility and control for companies to build and easily scale their third-party security programs through automation. By combining smart, customizable questionnaires with a continuous hacker’s view of the evaluated vendor, Panorays enables companies to dramatically speed up their third-party security evaluation process.
Panorays SaaS平台正在改变公司与第三方进行安全交易的方式。到目前为止，公司执行了一个不可思议的过程，即发送电子表格调查表以遵守法规，或者没有建立好的第三方安全程序。 Panorays为企业提供了所需的可见性和控制力，以通过自动化构建并轻松扩展其第三方安全程序。通过将智能的，可自定义的调查表与黑客对被评估厂商的持续看法相结合，Panorays使公司能够大大加快其第三方安全评估流程。
With this new investment, Panorays will expand its marketing and sales initiatives to accelerate global growth. The funding will also be used to drive research and development to continually evolve the platform to support growing privacy regulations and eliminate inefficient workflows.
In the past year, Panorays has:
Achieved 400% revenue growth over its previous year
Saved companies an average of 94 percent of expenses incurred by their third-party security programs
Successfully helped an insurance company onboard 500 vendors in just eight days instead of the typical nine weeks
Been adopted by leading technology, software, financial, healthcare, automotive and retail companies
Collaborated with Sompo, one of the leading global insurers, to provide third-party security visibility into their customers
Panorays automates third-party security lifecycle management. With the Panorays platform, companies dramatically speed up their third-party security evaluation process and gain continuous visibility while ensuring compliance to regulations such as GDPR and NYDFS.
It is the only platform that enables companies to easily view, manage and engage on the security posture of their third parties, vendors, suppliers and business partners. Panorays is a SaaS-based platform, with no installation needed.
About Oak HC/FT
Founded in 2014, Oak HC/FT is the premier venture growth-equity fund investing in Healthcare Information & Services (“HC”) and Financial Services Technology (“FT”). With $1.1 billion in assets under management, we are focused on driving transformation in these industries by providing entrepreneurs and companies with strategic counsel, board-level participation, business plan execution and access to our extensive network of industry leaders. Oak HC/FT is headquartered in Greenwich, CT, with offices in Boston and San Francisco. Follow Oak HC/FT on Twitter, LinkedIn, and Medium.
Oak HC / FT成立于2014年，是投资于医疗保健信息与服务（“ HC”）和金融服务技术（“ FT”）的首要风险投资基金。我们管理着11亿美元的资产，致力于通过为企业家和公司提供战略顾问，董事会成员参与，商业计划执行以及与我们广泛的行业领导者网络联系，来推动这些行业的转型。 Oak HC / FT的总部位于康涅狄格州格林威治，在波士顿和旧金山设有办事处。在Twitter，LinkedIn和Medium上关注Oak HC / FT。