Security Analytics Startup Panther Labs Scores $120M Investment

Panther Labs, an early stage startup that specializes in detection and response analytics, has raised a whopping $120 million in a new round of funding led by hedge fund Coatue Management.

Panther Labs said the Series B investment was raised at a $1.4 billion valuation, putting the company among a growing list of ‘unicorn’ cybersecurity startups.