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. 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.

Panther Labs powers security monitoring for many of the world's premier brands. We provide 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.