Panther Acquisition, Valuation, Funding & Investors

Panther was acquired by Databricks in June 2026.

Panther acquisition price

Undisclosed

Acquired by Databricks · Jun 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

Panther Overview

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

United StatesSan Francisco, CA

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.

Panther acquisition details
AcquirerDateType
15 Jun 2026Strategic 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

Panther valuation by funding round
DateStageValuation
Dec 2021Series B$1.4B
Sep 2020Series 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

Panther funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Dec 2021Series BCoatue (lead); ICONIQ Capital; S28 Capital; Innovation Endeavors; Snowflake Ventures; Lightspeed Venture Partners$120M$1.4BPanther 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 2020Series ALightspeed Venture Partners (lead); S28 Capital; Fathom Capital; Innovation Endeavors$15M$45MPanther 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 2019SeedInnovation 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 2018Pre-seedS28 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

Investors in Panther by funding rounds participated
InvestorHQRoundsRoleFirst check
S28 CapitalUnited StatesSan Francisco, CA4LeadNov 2018
Innovation EndeavorsUnited StatesSan Francisco, CA3LeadOct 2019
Fathom CapitalUnited StatesSan Francisco, CA2ParticipantOct 2019
Lightspeed Venture PartnersUnited StatesSan Francisco, CA2LeadSep 2020
ICONIQ CapitalUnited StatesSan Francisco, CA1ParticipantDec 2021
Snowflake VenturesUnited StatesBozeman, MT1ParticipantDec 2021
Zane LackeyUnited StatesAustin, TX1ParticipantOct 2019
645 VenturesUnited StatesUnited States1ParticipantOct 2019

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Panther Competitors

Panther competitors include listed companies like BTQ Technologies and CommVault Systems, and private ones like SpyCloud, Cyberhaven, Devo and Avathon.

Public and private companies comparable to Panther
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
SpyCloudUnited StatesAustin, TXPrivate--$1.6B-
CyberhavenUnited StatesUnited StatesPrivate--$1B-
DevoUnited StatesUnited StatesPrivate--$2B-
BTQ TechnologiesCanadaCanadaPublicly listed$226K($18M)$395M266.9x
CommVault SystemsUnited StatesUnited StatesPublicly listed$1.2B$84M$6.2B5.0x
AvathonUnited StatesSan Francisco, CAPrivate--$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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
DPtech$182M$25M5.3x4.9x39.0x-
Secunet$528M$86M2.8x2.6x17.3x16.3x
CloudWalk$75M($75M)18.8x19.1x(18.7x)-
Radware$302M$20M3.6x3.4x56.1x23.2x
Red Violet$90M$24M13.2x11.7x50.0x31.7x
Eastcompeace Tech$197M$26M4.8x-36.4x-
TRS Information Technology$76M($20M)19.3x19.7x(73.5x)478.8x
Progress Software$978M$302M3.0x2.9x9.6x7.3x

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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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