Menu visibility control

Video

Events

Startup Surgery

Most Recent

Investments

EXCLUSIVE: E-commerce firm Paddle buys DevMate for ‘seven figure sum’

AdTech & MarTech

Calum Smeaton, CEO of TVSquared, on growing a successful UK AdTech firm and raising $9.5m

News

Research spotlights lack of women in UK venture capital industry

Press Releases

Okappy announces the launch of its investment pitch on the AngelsDen equity crowdfunding platform
Recruitment disruptor talent.io poised for further growth with €8m investment secured
London tech startup Spoon Guru partners with Tesco to power food searches for consumers with specific dietary needs

London cybersecurity firm Panaseer announces US expansion

New York
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Cybersecurity software firm Panaseer is expanding to the US.

Founded in 2014, the London-based company will be opening an office in New York, where it will employ six people.

CEO Nik Whitfield commented on the news: “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.

Top tech stats: UK FinTech, Brexit, cybersecurity and more

“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,” he added.

Whitfield told Tech City News that the firm was working with a small number of high profile FTSE100 and Fortune500 clients in both London and New York and that he expected to add single digits of customers in the US next year.

“We’ll finish the year with more than 30 headcount, primarily in engineering, data science and client success,” he added.

The CEO also confirmed Panaseer was looking to raise more investment. “We are in the planning stages of a raise, with more details to follow,” said the entrepreneur.

The move comes after the company raised $2.25m through a syndicated Seed investment round in late 2015.

Investors in the company at the time included Albion Ventures, Notion Capital, Winton Technology Ventures, C5 Holdings and Elixirr.

Enter your email address to receive updates straight to your inbox

* indicates required
Send me news on...
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Editor's picks

paddle team

EXCLUSIVE: E-commerce firm Paddle buys DevMate for ‘seven figure sum’
posted 30 mins ago

CalumSmeaton

Calum Smeaton, CEO of TVSquared, on growing a successful UK AdTech firm and raising $9.5m
posted 3 hours ago

diversity uk vc

Research spotlights lack of women in UK venture capital industry
posted 5 hours ago

Labour’s Manifesto: what does it mean for UK tech?
posted 6 hours ago

Theresa May

UK startups predict difficult times ahead following EU tech funding freeze
posted 23 hours ago

savemoneycutcarbon

EXCLUSIVE: Suffolk-based SaveMoneyCutCarbon raises £2.2m
posted 24 hours ago