- Companies
- Panther
Panther Acquisition, Valuation, Funding & Investors
Panther was acquired by Databricks in June 2026.
Cumulative funding Panther raised
$141M
across 4 funding rounds
Key investors in Panther
S28 Capital
Innovation Endeavors
Lightspeed Venture Partners
Fathom Capital
Coatue
ICONIQ Capital
645 Ventures
Snowflake Ventures
About Panther
Panther Labs is a cybersecurity company offering a security data lake and detection-as-code platform for threat hunting and incident response. Founded in 2018 by Jack Naglieri and headquartered in San Francisco, California, it processes petabytes of log data daily from cloud environments, endpoints, and networks to detect anomalies using open-source rules and custom queries.
Founded
2018
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Subscription
Valuation
$1.4B (Dec 2021)
Panther Acquisition
Panther was acquired by Databricks for an undisclosed price on 15 June 2026.
Before the acquisition Panther had raised $141M across 4 funding rounds.
Databricks agreed on June 16, 2026 to acquire Panther Labs, an AI security operations center (SOC) platform, as its third cybersecurity acquisition to expand into the cybersecurity domain. Financial terms were not disclosed, though Panther was last valued at $1.4 billion following a $120 million Series B funding round in 2021. The deal is subject to regulatory clearance. Panther consolidates data sources and security components into a single platform, targeting competitors like Splunk and CrowdStrike. Panther Labs, founded in 2020, serves cloud-first security teams with its cloud-native SIEM product. Backers include Snowflake Ventures and Coatue. Revenue, EBITDA, and specific deal structure details were not disclosed.
| Acquirer | Date | Type |
|---|---|---|
| 15 Jun 2026 | Strategic M&A |
Panther Valuation
Panther is currently valued at $1.4B, based on its Series B in December 2021.
The $120M round was led by Coatue, with participation from ICONIQ Capital, S28 Capital, Innovation Endeavors, Snowflake Ventures and Lightspeed Venture Partners.
Panther's valuation has grown 31x from $45M at its Series A in September 2020 to $1.4B in December 2021, across 2 priced rounds.
Panther valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Dec 2021 | Series B | $1.4B |
| Sep 2020 | Series A | $45M |
Panther Funding History
Panther has raised a total of $141M across 4 funding rounds.
Panther's first fundraising round was a $1M pre-seed round in November 2018. The most recent completed round was a $120M Series B in December 2021.
Panther funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2021 | Series B | Coatue (lead); ICONIQ Capital; S28 Capital; Innovation Endeavors; Snowflake Ventures; Lightspeed Venture Partners | $120M | $1.4B | Panther Labs is a San Francisco-based cloud-native security analytics platform that provides security teams with a structured security data lake for real-time detection, incident response, and in-depth investigations. Founded in 2018, the company raised a $120 million Series B funding round on December 2, 2021, led by Coatue with participation from ICONIQ Growth, Innovation Endeavors, Lightspeed Venture Partners, S28 Capital, and Snowflake Ventures. This round brought total funding to $140 million across four rounds and valued Panther at $1.4 billion post-money, earning it unicorn status. The Series B proceeds were intended to expand the cloud security analytics platform, enhance detection capabilities, and support global operations growth. At the time of the round, Panther employed 86 people. Panther operates in the competitive cybersecurity space, focusing on cloud-native solutions for enterprise threat detection and response. The company plans to advance automation, real-time detection, and its security data lake infrastructure to deliver actionable insights. With strong investor backing from top-tier firms, Panther is positioned as a leader in cloud-based security analytics. |
| Sep 2020 | Series A | Lightspeed Venture Partners (lead); S28 Capital; Fathom Capital; Innovation Endeavors | $15M | $45M | Panther Labs is a cybersecurity startup providing a cloud-native SIEM platform that enables security teams to write threat detection logic in Python, integrate with BI tools like Looker and Snowflake, and operationalize cloud-scale data volumes. Founded in 2018 by former Airbnb and AWS alumni including CEO Jack Naglieri, the platform serves as an open-source alternative to legacy SIEMs, supporting continuous monitoring, incident response, and SecOps workflows. Panther Labs raised $15 million in a Series A round on September 9, 2020, led by Lightspeed Venture Partners with participation from S28 Capital, Innovation Endeavors, and Fathom Capital, bringing total funding to $20.5 million at a $45 million post-money valuation. Lightspeed Partner Gaurav Gupta joined the board. The funding supported development of sales, marketing, security, and engineering functions, with new features to enhance platform intelligence, portability, and usability. Prior to this round, Panther Labs secured a $4.5 million seed in October 2019 co-led by S28 Capital and Innovation Endeavors. |
| Oct 2019 | Seed | Innovation Endeavors (lead); S28 Capital (lead); Fathom Capital; Zane Lackey; 645 Ventures; Locus Ventures | $5M | - | Panther Labs develops a cloud cybersecurity software platform that detects threats by analyzing terabytes of data daily and responds to them. The company raised $4.5 million in an October 2019 seed round co-led by S28 Capital and Innovation Endeavors, with participation from Fathom Capital and 645 Ventures. This brought total funding to $20.5 million by September 2020 after a $15 million Series A led by Lightspeed Venture Partners. In March 2022, Panther Labs raised $120 million in a Series B round led by Coatue Management at a $1.4 billion valuation, with participation from Snowflake Ventures, Iconiq Growth, Lightspeed Venture Partners, S28 Capital, and Innovation Endeavors. The funds supported market expansion amid rapid cloud adoption overwhelming security teams with data volumes and attack surfaces. |
| Nov 2018 | Pre-seed | S28 Capital | $1M | - | - |
Who has invested in Panther?
10 investors have backed Panther across its funding rounds, including S28 Capital, Innovation Endeavors, Lightspeed Venture Partners, Fathom Capital, Coatue and ICONIQ Capital.
Lead investors include Coatue, Lightspeed Venture Partners, Innovation Endeavors and S28 Capital.
Panther Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Nov 2018 | ||
| 3 | Lead | Oct 2019 | ||
| 2 | Participant | Oct 2019 | ||
| 2 | Lead | Sep 2020 | ||
| 1 | Participant | Dec 2021 | ||
| 1 | Participant | Dec 2021 | ||
| 1 | Participant | Oct 2019 | ||
| 1 | Participant | Oct 2019 | ||
This data is available for Pro users. Sign up to see all 10 Panther investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialPanther Competitors
Panther competitors include listed companies like BTQ Technologies and CommVault Systems, and private ones like SpyCloud, Cyberhaven, Devo and Avathon.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.6B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $2B | - | ||
| Publicly listed | $226K | ($18M) | $395M | 266.9x | ||
| Publicly listed | $1.2B | $84M | $6.2B | 5.0x | ||
| Private | - | - | $1.4B | - |
Panther Public Comps
Panther is no longer listed, but its public comps include DPtech, Secunet, CloudWalk, Radware, Red Violet, Eastcompeace Tech, TRS Information Technology, Progress Software, NSFOCUS and CETC Cyberspace Security.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $182M | $25M | 5.3x | 4.9x | 39.0x | - | |||
| $528M | $86M | 2.8x | 2.6x | 17.3x | 16.3x | |||
| $75M | ($75M) | 18.8x | 19.1x | (18.7x) | - | |||
| $302M | $20M | 3.6x | 3.4x | 56.1x | 23.2x | |||
| $90M | $24M | 13.2x | 11.7x | 50.0x | 31.7x | |||
| $197M | $26M | 4.8x | - | 36.4x | - | |||
| $76M | ($20M) | 19.3x | 19.7x | (73.5x) | 478.8x | |||
| $978M | $302M | 3.0x | 2.9x | 9.6x | 7.3x | |||
This data is available for Pro users. Sign up to see all Panther competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Panther
| When was Panther founded? | Panther was founded in 2018. |
| Where is Panther headquartered? | Panther is headquartered in San Francisco, CA, United States. |
| Is Panther publicly listed? | No, Panther was acquired by Databricks in June 2026. |
| Who acquired Panther? | Panther was acquired by Databricks in June 2026. |
| What is Panther's valuation? | Panther was last valued at $1.4B in its Series B in December 2021. |
| How much funding has Panther raised? | Panther has raised $141M across 4 funding rounds. |
| What was Panther's last funding round? | Panther's last funding round was a $120M Series B in December 2021, led by Coatue. |
| Who are Panther's investors? | Panther's investors include S28 Capital, Innovation Endeavors, Fathom Capital, Lightspeed Venture Partners, ICONIQ Capital, Snowflake Ventures, Zane Lackey, 645 Ventures, Coatue and Locus Ventures. |
| Which companies are comparable to Panther? | Companies comparable to Panther include SpyCloud, Cyberhaven, Devo, BTQ Technologies, CommVault Systems and Avathon. |
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