Panther Labs, a San Francisco, CA-based cloud-scale security analytics platform trusted by many of the world's leading brands, announced $120 million in Series B funding.
The round was led by Coatue Management, with new participation from ICONIQ Growth and Snowflake Ventures along with continued support from Lightspeed Venture Partners, S28 Capital, and Innovation Endeavors, putting Panther at a $1.4 billion valuation.
The investment will be used to fuel rapid market expansion, bringing Panther's fast, flexible and scalable platform for threat detection and incident response to security teams everywhere.
Company: Panther Labs, Inc.
Raised: $120.0M
Round: Series B
Funding Month: December 2021
Lead Investors: Coatue Management
Additional Investors: ICONIQ Growth, Snowflake Ventures, Lightspeed Venture Partners, S28 Capital, and Innovation Endeavors
Company Website: https://runpanther.io/
Software Category: cloud-scale security analytics platform
About the Company: Panther Labs powers security monitoring for many of the world's premier brands. Panther Labs provides a fast, flexible, and scalable platform for threat detection and incident response, capable of analyzing terabytes of data per day in real-time. By adopting a serverless architecture and detection-as-code, Panther frees security teams from the slow performance, heavy operational overhead, and high cost of traditional SIEM. Panther was founded by a team of veteran security practitioners and is trusted by customers like Dropbox, Zapier, Snowflake, and more.
Source: https://www.globenewswire.com/news-release/2021/12/02/2345013/0/en/Panther-Labs-Raises-120M-Series-B-With-Unicorn-Valuation-Led-by-Coatue-to-Solve-the-Pains-of-Security-Monitoring-at-Cloud-Scale.html