Databricks to Acquire Panther Labs in Cybersecurity Expansion
The San Francisco company announced the deal at its Data + AI Summit. Panther Labs was valued at $1.4 billion after its 2021 Series B round.
itnews.com.auDatabricks has agreed to acquire Panther Labs for an undisclosed price. The deal marks Databricks' third acquisition in cybersecurity and is intended to expand its presence in that sector. Benzinga reported that the San Francisco-based company positioned the transaction as a step toward competing with CrowdStrike and Splunk.
4 billion after raising a $120 million Series B round in 2021. Its platform aggregates security-relevant data streams into a single location so software agents can respond to threats with minimal human involvement. The announcement was made at Databricks' Data + AI Summit in San Francisco.
CEO Ali Ghodsi stated that AI has accelerated how quickly attackers can turn software into threats.
