Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Application Security

Security Analytics Startup Panther Labs Scores $120M Investment

Panther Labs, an early stage startup that specializes in detection and response analytics, has raised a whopping $120 million in a new round of funding led by hedge fund Coatue Management.

Panther Labs said the Series B investment was raised at a $1.4 billion valuation, putting the company among a growing list of ‘unicorn’ cybersecurity startups.

Panther Labs, an early stage startup that specializes in detection and response analytics, has raised a whopping $120 million in a new round of funding led by hedge fund Coatue Management.

Panther Labs said the Series B investment was raised at a $1.4 billion valuation, putting the company among a growing list of ‘unicorn’ cybersecurity startups.

In addition to Coatue Management, Panther Labs scored investments from ICONIQ Growth and Snowflake Ventures along with money from existing investors Lightspeed Venture Partners, S28 Capital, and Innovation Endeavors.

The company previously raised $15 million in a September 2020 Series A round.

[ READ: Karamba Security Raises $10M to Protect Connected Devices ]

The San Francisco firm, which was founded by Airbnb and AWS alumni, styles itself as a “cloud-scale security analytics platform” that  helps organizations prevent breaches by providing actionable insights from large volumes of data. 

The Panther product can be used by security teams to perform continuous security monitoring, gain security visibility across cloud and on-premise infrastructure, and build data lakes for incident response investigations. 

In the last year, Panther claims its customer roster grew by 300 percent, including deals with big companies like Dropbox, Zapier and Snyk. 

Advertisement. Scroll to continue reading.

Panther Labs said the new funding will be used to speed up product development, expand go-to-marketing initiatives and scale support for its customers.

Related: Panther Labs Launches Open-Source Cloud-Native SIEM

Related: CyCognito Snags $100 Million for Attack Surface Management

Written By

Click to comment

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Learn how the LOtL threat landscape has evolved, why traditional endpoint hardening methods fall short, and how adaptive, user-aware approaches can reduce risk.

Watch Now

Join the summit to explore critical threats to public cloud infrastructure, APIs, and identity systems through discussions, case studies, and insights into emerging technologies like AI and LLMs.

Register

People on the Move

Cloud security startup Upwind has appointed Rinki Sethi as Chief Security Officer.

SAP security firm SecurityBridge announced the appointment of Roman Schubiger as the company’s new CRO.

Cybersecurity training and simulations provider SimSpace has appointed Peter Lee as Chief Executive Officer.

More People On The Move

Expert Insights

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest cybersecurity news, threats, and expert insights. Unsubscribe at any time.