What Panoptic Security does

Panoptic Security is identified in the firmographic record as a privately held for-profit company founded in 2007 and headquartered in Salt Lake City, United States, with a website at panopticsecurity.com. Note: the firmographic record (11-50 employees, 2007 founding, Sysnet-tagged short description) is inconsistent with the detailed operational data supplied, which describes a substantially larger global enterprise cybersecurity and compliance operation branded as VikingCloud, protecting 4+ million business locations across 70+ countries for 300+ corporate brands. The operational entity's core offering is the AI-powered Asgard Platform, which delivers 24x7 predictive risk-mitigation decisions and underpins a portfolio that spans managed security services (network, endpoint, threat detection and response), security testing (penetration testing, vulnerability scanning, digital forensics), enterprise compliance and risk (PCI compliance with 100+ QSAs in 16 countries, HIPAA, data privacy, risk management), and merchant risk management products (CCS Advantage, Cyber Risk Defense, Web Risk Monitoring, Secure Payment Solution), plus a SecureTrust PCI Manager self-serve channel for small businesses.

The business model is predominantly subscription and recurring: four of the five disclosed revenue streams are subscription/recurring (managed security services, PCI compliance, risk management and data privacy, small-business PCI compliance), with security testing services as the professional-services line. Go-to-market is dual-motion: direct enterprise field sales targeting global enterprises and multi-location operators, paired with a self-serve/PLG channel for small businesses. The company holds 22 granted patents, reports a 98% customer retention rate, and processes 33+ billion client cybersecurity threat events per month — metrics that, taken together, describe a mature, data-rich, compliance-anchored cybersecurity platform rather than an early-stage 11-50 employee firm. The input record contains no disclosed revenue figure, no headcount beyond the firmographic range, no ownership or investor detail beyond a 2010 seed funding round from Kickstart and Ulu Ventures, and no management team roster — these are material data gaps for any investment assessment.

Customer segments are organized by vertical: primary verticals are Healthcare, Retail, Hotel & Hospitality, and Restaurants; secondary verticals are Auto Service/Repair/Parts, Fuel & Convenience Stores, Pharmacy, and Travel & Tourism; with a Small Business size-tier segment addressed via the SecureTrust channel. Named customers (Jula Holding, a California-based Regional Health Care System, a Latin American Payment Solutions Software Provider, Rely IT, and a Midwest U.S. Major Grocers Association) span enterprise and mid-market tiers across retail, healthcare, payments, and technology. Marketing is executed through content (blog, resources library), thought leadership (CyberIntel Podcast), events (industry conferences and webinars), and earned media in publications including CNBC, Security Week, Cybersecurity Dive, Politico, PYMNTS, and Enterprise Security Tech.

Name

Panoptic Security

Website

https://panopticsecurity.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Short description

Panoptic Security is identified as a Salt Lake City-based private company (founded 2007); supplied operational data describes a global cybersecurity and compliance platform (branded VikingCloud) offering AI-driven managed security, PCI/HIPAA compliance, and merchant risk services to 4+ million business locations across 70+ countries.

Ownership category

akta.pro rank

Product category

Cybersecurity & Compliance Services

NAICS

Security Systems Services (except Locksmiths) (561621), Computer Systems Design and Related Services (54151)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Network Security Services (Firewall/VPN/ZTNA/SASE Integration) (BPAEAEAG)

akta.pro secondary industries

Key Management, Encryption & Secrets Management (KMS/HSM/Vault) (HDABAHAG), POS Security, Encryption & Key Management (P2PE, HSM, Key Injection) (FSAMADAK)

Keywords

• Managed security services
• PCI compliance solutions
• Threat detection response
• Penetration testing services
• Vulnerability management

Headquarters

HQ city

Salt Lake City

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Managed Security Services: Recurring managed security services providing continuous cybersecurity protection including network security, endpoint security, threat detection & response
2. PCI Compliance Solutions: Global leader in PCI compliance with 100+ QSAs providing assessment, certification, and ongoing compliance management
3. Risk Management & Data Privacy: Enterprise compliance and risk management solutions including HIPAA compliance, data privacy, and risk assessments
4. Security Testing Services: Penetration testing, vulnerability scanning, and digital forensics services for enterprise security assessment
5. Small Business PCI Compliance: SecureTrust PCI Manager for small businesses - fast, affordable, simple PCI compliance solutions

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

Panoptic Security provides managed cybersecurity services (network, endpoint, threat detection & response, digital forensics, penetration testing, vulnerability scanning) and enterprise compliance solutions (PCI, HIPAA, data privacy, risk management) delivered through the AI-powered Asgard Platform. The company also operates SecureTrust PCI Manager, a self-serve compliance product for small businesses, plus merchant risk management offerings such as CCS Advantage, Cyber Risk Defense, Web Risk Monitoring, and Secure Payment Solution.

Product overview

VikingCloud is a unified cybersecurity and compliance platform offering a comprehensive portfolio of products and services. The core of the offering is the AI-powered Asgard Platform, which provides predictive risk mitigation decisions. Services span cybersecurity (Managed Security Services, Network Security, Endpoint Security, Threat Detection & Response, Penetration Testing, Digital Forensics, Vulnerability Scanning) and compliance (PCI Compliance, Risk Management, Data Privacy, HIPAA Compliance). Merchant risk management products include CCS Advantage, Cyber Risk Defense, Web Risk Monitoring, and Secure Payment Solution. The company also offers SecureTrust PCI Manager for small businesses, positioning itself as a global leader in PCI compliance with 100+ QSAs in 16 countries.

Differentiator

Problem solved

Functional benefit

Products and services

• Asgard Platform AI-powered platform that helps organizations make faster, informed, predictive, and cost-effective risk mitigation decisions 24x7. It serves as the underlying technology foundation for cybersecurity and compliance services.
• Managed Security Services Comprehensive cybersecurity services including managed threat detection, network security, endpoint security, and vulnerability scanning for enterprise and multi-location operators.
• PCI Compliance Services End-to-end PCI DSS compliance program including QSA-led assessments, certification, and continuous compliance management for merchants and service providers.
• Penetration Testing Security testing services to identify exploitable vulnerabilities in networks, applications, and infrastructure for enterprise customers.
• Vulnerability Scanning Regular scanning services to identify and assess security vulnerabilities across distributed business locations and IT environments.
• Digital Forensics Services Investigation and analysis of digital evidence following security incidents to support incident response, root-cause analysis, and recovery.
• SecureTrust PCI Manager Self-serve PCI compliance management solution designed for small businesses. Delivered as a low-friction online portal enabling merchants to complete PCI compliance quickly and affordably.
• CCS Advantage Merchant risk management program offering enhanced security and compliance tools for payment acquirers and their merchant portfolios.
• Cyber Risk Defense Proactive cyber risk protection and defense services designed to reduce exposure across enterprise IT environments.
• Web Risk Monitoring Continuous monitoring service for web-based security risks and threats, exposed through a dedicated customer portal.
• Secure Payment Solution Secure payment processing and protection solution reducing the PCI scope of merchants through tokenization and managed payment security controls.
• HIPAA Compliance Services Healthcare compliance solutions covering HIPAA security and privacy risk assessments, gap remediation, and ongoing compliance management.
• Threat Detection & Response Continuous 24x7 monitoring, detection, and response service for cybersecurity threats across customer environments.

Quantifiable outcome

• 98% customer retention rate
• +3 more outcomes

Named customers6 records

Segments9 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature1 record

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Rapid7: Broader cybersecurity platform with overlapping exposure in vulnerability management, managed detection and response, and compliance reporting — competes for the same enterprise security budget but addresses a wider portfolio of use cases.
• Tenable: Exposure management and vulnerability assessment vendor; competes in the vulnerability scanning and compliance posture use cases that underpin the subject company's Asgard Platform.
• Qualys: Cloud-based vulnerability management and compliance platform with strong overlap in scanning, PCI compliance reporting, and continuous monitoring for distributed multi-location enterprises.
• Palo Alto Networks: Diversified cybersecurity platform with overlapping network security, threat detection, and Prisma Cloud compliance offerings; a strategic competitor for any enterprise managed-security renewal.
• CrowdStrike: Endpoint and managed detection leader whose Falcon platform increasingly bundles compliance-adjacent capabilities, competing for endpoint security and MDR wallet share across the same multi-location enterprise customers.

Direct peers

• VikingCloud: The cybersecurity and PCI compliance platform whose product, customer, and operational profile most closely matches the data provided — AI-driven managed security, global QSA bench, and multi-vertical SMB-to-enterprise coverage.
• SecurityMetrics: Specialist in PCI compliance, vulnerability scanning, and merchant-facing security services; highly comparable in vertical focus on SMBs, hospitality, retail and payment-accepting merchants.
• Trustwave: Direct competitor in managed security services and PCI DSS compliance, with a similar mix of QSA-led compliance assessments, managed detection, and vulnerability scanning for retailers, hospitality, and financial services.
• ControlScan: PCI compliance and managed security provider focused on SMB merchants and payment processors; directly comparable in product set (PCI Manager-style products, vulnerability scans) and customer profile.
• Sysnet Global Solutions: Provider of merchant-level cybersecurity and PCI compliance programs for acquirers and large merchants; highly comparable in business model (subscription compliance + managed security) and customer base (payment-accepting SMBs and global brands).

Market position

Strengths4 records

Weaknesses4 records

Competitive moat7 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Panoptic Security