Loading organizations...
§ Private Profile · New York City, NY, USA
Panorays is a technology company.
Panorays delivers a comprehensive third-party cyber risk management platform that automates and scales the security assessment process. This SaaS-based solution enables organizations to continuously monitor the cyber posture of their suppliers and partners, identifying potential vulnerabilities and threats. The platform leverages advanced analytics to provide an early warning system for risk detection, facilitating proactive defense strategies for improved supply chain security.
The company was co-founded by Matan Or-El, Meir Antar, and Demi Ben Ari, with Ben Ari serving as Chief Strategy Officer, Or-El as CEO, and Antar as COO. Recognizing the increasing complexity and vulnerability introduced by third-party vendor relationships, the founders established Panorays to address the critical need for a streamlined and effective approach to managing external cyber risks. Their collective expertise in technology and entrepreneurship drove the creation of a focused solution.
Panorays primarily serves businesses seeking to enhance their security resilience by optimizing defenses across their extended ecosystem. The platform helps companies manage the unique security risks associated with each third-party relationship. The company's vision centers on driving the future of third-party cyber risk management, empowering organizations to build trust and ensure compliance throughout their digital supply chains.
Panorays has raised $67.0M across 4 funding rounds.
Panorays has raised $67.0M in total across 4 funding rounds.
Panorays has raised $67.0M in total across 4 funding rounds.
Panorays's investors include Greenfield Partners, Aleph VC, Corner Ventures, INT3, Symbol VC, Shlomo Kramer, Yair Weinberger, Yoav Amit, BlueRed Partners, Greenspring Associates, Moneta VC, Oak HC/FT.
Panorays has raised $67.0M across 4 funding rounds. Most recently, it raised $42.0M Series B in September 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 1, 2021 | $42M Series B | Greenfield Partners | Aleph VC, Corner Ventures, INT3, Symbol VC, Shlomo Kramer, Yair Weinberger, Yoav Amit, BlueRed Partners, Greenspring Associates, Moneta VC, OAK HC/FT | Announced |
| Dec 1, 2019 | $15M Series A | Daniel Petrozzo | Aleph VC, Corner Ventures, INT3, Symbol VC, Yair Weinberger, Yoav Amit, Lane Bess | Announced |
| Jun 5, 2018 | $5M Venture Round | Eden Shochat | Amichai Shulman, Michael Dolinsky, Moshe Lichtman | Announced |
| Jun 1, 2018 | $5M Series U | Aleph | Aleph VC, Corner Ventures, Cyberstarts VC, INT3, Summit Partners, Symbol VC, Vertex Ventures Israel, Shlomo Kramer, Yair Weinberger, Yoav Amit, Amichai Shulman, Michael Dolinsky, Moshe Lichtman | Announced |
Panorays is a SaaS-based third-party cyber risk management (TPRM) platform that automates vendor security assessments, continuous monitoring, and risk mitigation for organizations worldwide.[1][2][4] It serves enterprises and security teams by solving the challenges of manual vendor onboarding, supply chain visibility gaps, and emerging threats through AI-driven tools like Risk DNA scoring, Smart Match for questionnaires, and Supply Chain Discovery, accelerating processes by up to 80% while ensuring compliance and proactive defense.[2][4][5] The platform combines external attack surface assessments with dynamic questionnaires, reducing manual effort and providing real-time alerts on vulnerabilities across third- to nth-party connections.[1][3][4]
Panorays was founded with a focus on using AI to simplify cybersecurity, particularly in third-party risk management, addressing the lack of visibility into organizations' digital vendor relationships and subcontractors.[1] Led by CEO Matan Or-El, the company emerged from the realization that security teams needed automated tools to map indirect connections and streamline lengthy processes like security questionnaires, evolving from basic AI assessments to advanced features like predictive risk analysis and Supply Chain Discovery.[1][5] Early traction came from transforming vendor onboarding via Smart Match, which auto-answers repetitive queries, and has since expanded with human-AI hybrid expertise for comprehensive solutions.[1]
Panorays rides the surge in supply chain attacks and regulatory demands for TPRM, amplified by AI proliferation and complex digital ecosystems where third-party breaches pose outsized risks.[3][5] Its timing aligns with 2024 milestones like RSA Conference showcases of AI-led vendor discovery and risky AI model detection, addressing market shifts toward scalable TCPRM amid rising n-th party vulnerabilities.[3] Favorable forces include growing adoption of continuous monitoring for compliance (e.g., global regs) and AI's role in reducing resource strain, positioning Panorays to influence the ecosystem by enabling secure scaling of vendor networks and fostering stakeholder collaboration.[2][3][5]
Panorays is poised to expand with enhanced AI analytics, deeper integrations, and broader monitoring in 2025, targeting AI risks, regulatory evolution, and supply chain complexity to maintain leadership in TPRM.[3] Trends like generative AI threats and nth-party visibility will shape its trajectory, potentially amplifying influence through partnerships and innovations in predictive defense. As third-party risks intensify, Panorays' AI-human hybrid model will drive proactive security, securing its role in resilient global supply chains—starting from that core mission to illuminate hidden vendor vulnerabilities.[1][3][5]