Databricks has agreed to acquire Panther Labs, marking its third cybersecurity acquisition as the data analytics company expands its security offerings.
Panther Labs, a cybersecurity startup, was previously valued at $1.4 billion during its Series B funding round in 2021, when it raised $120 million. The acquisition strengthens Databricks' position in the security space, following earlier cybersecurity-focused deals.
Databricks, known for its lakehouse platform that combines data warehousing and data lakes, has increasingly focused on integrating security capabilities into its offerings. The Panther Labs acquisition reflects this strategic pivot.
The company has not disclosed the acquisition price, though Panther's last known valuation provides context for the deal's scale. Panther Labs specializes in security monitoring and threat detection, areas that complement Databricks' data platform.
The deal continues a trend of larger tech platforms acquiring specialized security vendors to build comprehensive solutions for enterprise customers managing increasing cybersecurity demands.
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