Cybersecurity Startup Panorays Raises $5 Million

Tel Aviv-based cybersecurity startup Panorays Ltd. has raised $5 million in a funding round led by Tel Aviv-based Aleph Venture Capital and emerged from stealth, the company announced Tuesday.

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Founded in 2016 by three veterans of Israeli military technology units, service checks for vulnerabilities introduced by third parties that were given access to organizational systems, also ensuring compliance to regulations such as the E.U.’s GDPR.

Amichai Shulman, co-founder and former CTO of cybersecurity company Imperva Inc., Moshe Lichtman, a former corporate VP at Microsoft, Michael Dolinsky a Microsoft principal group manager and Tel Aviv-based venture capital firm Elevator Fund, also participated in the round.

Panoray’s technology mimics the types of activities undertaken by hackers to provide a holistic view of possible third-party security issues, Panorays co-founder and CEO Matan Or-El said in a statement.

With $344 million under management, Aleph invests in early stage companies. Since its founding in 2013, Aleph invested in over 20 companies including online insurance company Lemonade Inc., shared space company WeWork, auto computer vision startup Nexar Ltd., and Blockchain-based digital wallet startup Colu.