UK cyber security software company Panaseer has raised $2.25 million through a syndicated seed investment round. Panaseer was founded in 2014 by a team of cyber security experts from BAE Systems. Interestingly, its aim is to bring cyber security intelligence to the board, not just the security teams. It addresses the question: “How secure are we?”, the question that should be on every board member’s lips but is very difficult for anyone to answer. If they can really do that, using their big data and visualisation platform, and make the insight relevant to senior level decision makers, then they will certainly succeed. Panaseer was selected to accompany the Prime Minister to Washington DC earlier this year as part of a cyber-security delegation and has since gone on to sign its first New York based Financial Services client.
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