Panther Labs vs Tracecat
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.
SF YC W24 open-source SOAR security automation deployed by 200+ orgs (Fortune 500 + federal); $500K-$2M seed on Temporal's durable execution with 100+ integrations competing with Splunk SOAR and Tines for security incident response.
About
Tracecat is a San Francisco-based open-source security automation platform — backed by Y Combinator (W24) with $500,000-$2 million in seed funding from Y Combinator, Pioneer.app, Pioneer Fund, and SurgePoint Capital — providing security operations, IT, and infrastructure teams with a modern, cost-effective alternative to commercial SOAR (Security Orchestration, Automation, and Response) tools for automating security alerts, incident response, and IT workflows. Deployed by 200+ organizations from Fortune 500 companies to federal agencies, Tracecat is built on Temporal's durable execution platform (used by Datadog, Netflix, and Stripe) and offers 100+ integrations, AI-assisted runbooks, case management, and lookup tables. Founded in 2024 by Chris Lo and Daryl Lim.
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