US-based cyber-security start-up Panaseer has raised £2.5m ($3.3m) in funding from investors including Palladin Capital Group and Evolution Equity Partners. Panaseer, which deploys data analytics strategies to identify risks within companies' IT systems and recommends where they should spend on security, is using the funds to develop its product and expand further into the UK. Many firms are still concentrating on fixing, rather than preempting, cyber attacks, according to Nik Whitfield, CEO of Panaseer.
UK-based cyber-security start-up Panaseer has raised £2.5m ($3.3m) in funding from investors including Palladin Capital Group and Evolution Equity Partners. Panaseer, which deploys data analytics strategies to identify risks within companies' IT systems and recommends where they should spend on security, is using the funds to develop its product and expand further into the US. Many firms are still concentrating on fixing, rather than preempting, cyber attacks, according to Nik Whitfield, CEO of Panaseer.