-- Panorays, a leading provider of third-party cybersecurity risk management solutions, today announced that it has been named a Leader and received above-average customer feedback in The Forrester Wave™: Cybersecurity Risk Rating Platforms, Q2 2026.
In the report, Forrester Research, Inc. assessed seven of the most significant vendors in the market across 21 criteria. The report states, “Panorays is an excellent fit for enterprise and midmarket customers that want to integrate risk ratings data into a scalable, highly automated platform to support their third-party risk program.”
Driving Innovation through Agentic AI
The report recognizes Panorays as a Leader, giving Panorays the highest possible scores in nine criteria, including AI capabilities and customer AI adoption.
The report notes that, “Panorays stands out with one of the most ambitious roadmaps and innovation-driven approaches to agentic AI in this evaluation, aiming to use the technology to extensively automate most of the third-party security use case. Several roadmap enhancements focus on using agentic AI technology to drive significant process automation in third-party risk programs.”
“We believe this recognition as a Leader underscores our commitment to pushing the boundaries of what is possible in third-party risk management,” said Matan Or-El, CEO and co-founder of Panorays. “By prioritizing an agentic AI-driven approach, we are helping our customers move beyond manual workflows toward a future of intelligent, self-driving security programs that scale alongside their supply chains.”
How Panorays Excels
According to Forrester’s evaluation, “Panorays excels in how it holistically brings together ratings data, vendor discovery capabilities, and questionnaire management capabilities to deliver high-quality and actionable findings for the third-party use case.”
The research firm’s report further notes that the company’s “differentiated and clear user experience and reporting further support its delivery of a robust third-party risk management capability.”
Above Average Customer Feedback
In the evaluation, Panorays received above average customer feedback. This recognition reflects direct feedback from reference customers, with the report stating that “Panorays’ customers praised the flexibility of its platform and ease of use, citing their ability to use it for a wide range of traditional and nontraditional cybersecurity risk ratings use cases.”
To learn more about the findings, access The Forrester Wave™: Cybersecurity Risk Rating Platforms, Q2 2026 here.
*Forrester does not endorse any company, product, brand, or service included in its research publications and does not advise any person to select the products or services of any company or brand based on the ratings included in such publications. Information is based on the best available resources. Opinions reflect judgment at the time and are subject to change. For more information, read about Forrester’s objectivity here.
About the company: Panorays is a global provider of third-party cybersecurity management software. Adopted by leading banking, insurance, financial services, and healthcare organizations, Panorays enables businesses to optimize their defenses for each unique third-party relationship. With personalized and adaptive third-party cyber risk management, Panorays helps businesses stay ahead of emerging threats and delivers actionable remediations with strategic advantages. The company serves enterprise and midmarket customers primarily in North America, the UK, and the EU, Headquartered in New York and Israel, with offices around the world, Panorays is funded by numerous international investors, including Aleph VC, Oak HC/FT, Greenfield Partners, BlueRed Partners (Singapore), StepStone Group, Moneta VC, Imperva Co-Founder Amichai Shulman and former CEO of Palo Alto Networks Lane Bess. Visit us at panorays.com.
Contact Info:
Name: Fadan
Email: Send Email
Organization: Panorays
Website: https://panorays.com/
Release ID: 89188291
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