Panther Labs, a San Francisco, CA-based cybersecurity startup, raised $15m in Series A funding.
The round, which brought total funding to $20.5m, was led by Lightspeed Venture Partners (LSVP) with participation from S28 Capital, Innovation Endeavors, and Fathom Capital. In conjunction with the funding, Gaurav Gupta, partner at LSVP, will join the board of directors.
The company intends to use the funds to accelerate development of its open source security platform.
Founded in 2018 by former Airbnb security alumni Jack Naglieri, Panther provides an open, scalable, and developer-friendly solution for
security engineers at cloud-first organizations, like GitLab, to detect and
respond to suspicious activity in real time. The system can ingest terabytes of security log data per day from a variety of sources including AWS and GCP, security tools like Osquery and OSSEC, and a growing number of SaaS applications such as G Suite, Okta, and OneLogin.
As data is processed, detections are run and alerts are dispatched in real-time to destinations like Slack, Jira, and PagerDuty. Collected data is
normalized and retained to power future investigations in a serverless data
lake powered by AWS or the cloud-native data platform, Snowflake.