Databricks acquires Panther Labs to advance cybersecurity business

Glonghui June 17｜Databricks has agreed to acquire startup Panther Labs, marking a further push by the US data analytics service provider into the cybersecurity sector. This acquisition is Databricks' third in this field, further advancing its goal to compete with established security management firms such as CrowdStrike and Splunk, a subsidiary of Cisco. Databricks is valued at $134 billion, making it one of the highest-valued private companies in the world. In March of this year, the company unveiled its ambitions in the security field through a product called Lakewatch.