Panther Labs vs Splunk
Side-by-side comparison of AI visibility scores, market position, and capabilities
Panther Labs is a $1.4B cloud-native SIEM unicorn; raised $140M from Coatue and ICONIQ; detection-as-code architecture serves Snowflake, Dropbox, Zapier, and Snyk as of 2025.
About
Panther Labs is a San Francisco-based cybersecurity company founded in 2018 by Jack Naglieri that built a cloud-native Security Information and Event Management (SIEM) platform designed for modern, high-velocity engineering environments. Traditional SIEMs like Splunk and IBM QRadar struggle with scale, cost, and the pace of cloud-native infrastructure — Panther addresses this with a serverless, detection-as-code architecture built on a high-performance data lake.
Data platform for security and observability acquired by Cisco for $28B in March 2024. Used by 90 of Fortune 100; 7,500+ enterprise customers globally; flagship SIEM and Splunk SOAR power enterprise security operations centers.
About
Splunk is a data platform for security and observability founded in 2003 in San Francisco, built on the idea that machine-generated data — logs, events, metrics, traces — contains the intelligence organizations need to detect threats, investigate incidents, and ensure digital systems stay available. The company's core technology indexes and searches massive volumes of machine data in real time, enabling security and IT operations teams to answer complex questions across their entire data estate without predefined schemas.\n\nSplunk's flagship product is its SIEM (Security Information and Event Management) platform, used by 90 of the Fortune 100 to detect and respond to security threats. Its broader portfolio includes Splunk Observability Cloud for infrastructure monitoring, Splunk SOAR for security orchestration and automated response, and Splunk IT Service Intelligence for IT operations. The platform's schema-on-read approach and SPL query language give analysts flexibility to investigate novel threats and operational issues that structured databases cannot accommodate.\n\nSplunk was acquired by Cisco for $28B in March 2024, one of the largest cybersecurity acquisitions in history, and has been integrated into Cisco's AI-driven security portfolio. The combination of Cisco's network telemetry and global customer relationships with Splunk's data analytics depth creates a powerful full-stack security and observability offering. Under Cisco, Splunk is adding AI-native features — including AI Assistant for SPL and automated threat detection — to maintain its leadership position as the SIEM market evolves toward AI-augmented security operations.
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