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Panorays Review

Depends

Should I use Panorays?

Third-party cyber risk management platform combining vendor assessments with continuous monitoring. - panorays.com

· 1 month ago

Buy if you're a mid-size or large organization managing many vendors under regulatory pressure like NIS2. Skip it if you're a small team with a short vendor list — a spreadsheet or lighter ratings tool is enough.

Confidence

Medium. Based on 20+ public sources; several review snippets truncated, so ratings are directional.

Ratings

  • Value for money
  • Ease of use
  • Feature depth
  • Support quality
  • Security postureOnly self-published security evidence found

Pricing

Undisclosed

Custom quote

ModelNot disclosed
Monthly feesNot disclosed
HardwareNot disclosed

Best for

  • Mid-size to large enterprises with hundreds of vendors
  • Firms facing NIS2 vendor-risk rules
  • Teams combining questionnaires with continuous monitoring
  • Banks and insurers managing supplier risk

Not for

  • Small teams with a handful of vendors
  • Anyone wanting self-serve, transparent pricing
  • Solo IT admins without dedicated security staff
  • Buyers prioritizing best-in-class reporting depth

Gotchas - check before you buy

medium

Quote-based pricing 'varies widely'; expect contracts scaled to vendor count

medium

Reporting weakness claim comes from rival UpGuard — test reporting during trial

medium

Guess: TPRM platforms typically lock you into annual contracts; switching is painful

low

SC Media's 5-star review dates to 2019; may not reflect current product

Pros and cons

Pros

  • Users praise ease of use and quick onboarding
  • Combines vendor assessments with continuous attack-surface monitoring
  • Automated, customizable security questionnaires
  • Auto-discovers third- and nth-party vendors
  • SC Media rated it 5/5

Cons

  • Competitor UpGuard claims reporting underperforms rivals
  • No public pricing; custom quotes only
  • Cost varies widely by deployment
  • Four pricing editions, details gated behind sales

Sources & method

- 14 sources - No known vulnerabilities found in the sources reviewed.

official x2review x9security x2news x1

Key stats

  • Value for money: 2/5

    Rating

  • Undisclosed

    Starting price

  • 14

    Sources

  • Analyzed

  • Value for money: 2/5. Quote-only pricing varies widely by vendor count
  • Ease of use: 4/5. G2 and SC Media praise ease of use
  • Feature depth: 4/5. Assessments plus continuous monitoring, nth-party discovery
  • Support quality: 4/5. Onboarding repeatedly praised in reviews
  • Security posture. Only self-published security evidence found
  • 5/5 SC Media rating 2019 review, vendor-published
  • 68 Customer reviews FeaturedCustomers references
  • Quote-based Pricing Varies widely by vendor count
  • $62M Total funding Incl. $42M Series B

Pricing

Custom quote

Undisclosed

  • 4 editions per G2
  • Varies by vendor count and modules

Security

No known vulnerabilities found in the sources reviewed.

What users say

Users like the easy onboarding and automated questionnaires, while a competitor claims reporting lags rivals.

“onboarding was great”
FeaturedCustomers review
“Great automated and customized…”
Capterra review
“Panorays does this. I believe the price is $4…”
Reddit, r/cybersecurity

Companies that use it

  • AppsFlyer
  • Arvest Bank
  • Daifuku
  • Sir Robert McAlpine
  • CPI
Full analysis

Based on 20+ public sources; several review snippets truncated, so ratings are directional.

Solid TPRM for enterprises with many vendors; opaque pricing and overkill for small teams.

Methodology

Based on 20+ public sources; several review snippets truncated, so ratings are directional.

Read how a report is made.

Sources

  1. review
  2. review
  3. review
  4. review
  5. review
  6. review
  7. review
  8. review
  9. review
  10. official
  11. official
  12. security
  13. security
  14. news

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