Cyber security software firm responds to client demand with New York office

Panaseer, a cyber security data analytics company, announced that it is expanding to the US as it gears for growth in 2017. Its new office will be based in New York in response to strong client demand from its growing portfolio of global financial service customers

The Panaseer® Security Data Lake is a big data analytics platform designed to help security leaders answer the question, “How secure are we?” Based on open source technologies including Hadoop and Spark, its proposition won an award for ‘innovation and big data’ at the 2016 New York Strata + Hadoop World Startup Showcase.

Nik Whitfield, CEO, Panaseer said, “Our decision to expand to the US was a direct response to demand from our growing New York Fortune 500 client base – as well as being a strategic business decision to increase our market presence and identify the next wave of clients that will benefit from our platform. We have ambitious growth targets for 2017, so it makes sense for us to be located in a global financial epicentre so that we can fully support our existing and new clients.”

Panaseer’s New York office has been seeded with key members of its Product Management and Client Success teams, which were previously based in Panaseer’s London headquarters. It plans to hire further business development and data science team members throughout the year.

Panaseer was founded in 2014 by Nik Whitfield and a team of cyber security experts from BAE Systems. It raised $2.25 million through a syndicated seed investment round in November 2015 – investors were Albion Ventures, Notion Capital, Winton Technology Ventures, C5 Holdings, and Elixirr.