Israel-based startup Panorays recently partnered with Japanese insurance giant Sompo to expand its business platform throughout Japan. The third-party security management provider stated that it will cooperate with Sompo’s risk management and the cybersecurity business units.
“We are proud of this partnership and offering the Panorays platform to tens of thousands of businesses that are among our customers in Japan,” said Yoshi Miyazaki, who leads the cyber unit at Sompo Risk Management.
Founded by Matan Or-El, Meir Antar and Demi Ben-Ari, Panorays automates third-party cybersecurity management. The company claims that SaaS-based platform allows organizations to easily view, manage, and engage with their business partners on cybersecurity resilience. Companies use Panorays’s platform to gain continuous visibility and evaluate their third-party security.
“We’re honored to be one of Sompo Risk Management’s first cybersecurity partners. There is enormous potential for third-party security in the Japanese market and our partnership with Sompo Risk Management signals a key milestone in our global reach, giving a huge range of organizations in Japan the ability to manage and automate their whole third-party risk evaluation process,” said Matan Or-El, CEO of Panorays.
Panorays has several InfoSec behemoths in its executive team who have held leadership roles in companies like Imperva, AVG, ironSource, Windward, WalkMe and enSilo. In June of this year, the startup closed an early stage funding round of $5 million led by noted venture capital fund, Aleph and had Amichai Shulman, co-founder and former CTO of Imperva, Elevator Fund, Moshe Lichtman and Michael Dolinsky, and several cybersecurity veterans. The company also launched its flagship automated platform that secures and strengthens the security of organizations in the supply chain.