Panorays, an Israel-based company focusing on security for the supply chain, has emerged from stealth mode with a $5 million investment led by Aleph. Panorays is entering the market with an automated platform intended to allow companies to view and manage their relationships with third parties in order to reduce their cyber risk.
The Panorays platform is a SaaS offering that targets companies in financial services, healthcare, automative, technology, and retail fields. It provides visibility into potential gaps in the total supply chain IT infrastructure by automating hacking techniques and determining how well they are dealt with by internal policies. Based on the results, Panorays makes ratings and suggestions for corrective action.
The announcement comes on the heels of a Kaspersky report quantifying the danger of third parties for enterprise IT. According to Panorays, the company has so far evaluated more than 10,000 companies.