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COMPUTER HARDWARE & SERVICES | IT Services
labs.de

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Stage

Acquired - II | Acquired

About labs

labs is a data specialist for financial companies. It offers products and services for data harmonization, data management and individualized data output.

labs Headquarter Location

Speicherstraße 49-51

Frankfurt am Main, 60327,

Germany

+49 (0) 69 365058-7100

Latest labs News

Cloud security firm Panther Labs raises fresh funds at US$1.4 billion valuation

Dec 2, 2021

Cloud security firm Panther Labs raises fresh funds at US$1.4 billion valuation 02 Dec 2021 07:10PM (Updated: 02 Dec 2021 07:08PM) Panther Labs raised US$120 million in fresh capital as part of an early-stage financing round led by investment manager Coatue, valuing the cloud-based security analytics platform at US$1.4 billion. The Series B funding includes investments from ICONIQ Growth, Snowflake Ventures, Lightspeed Venture Partners, S28 Capital and Innovation Endeavors, according to a statement seen by Reuters ahead of the announcement. A higher incidence of data theft since the pandemic has boosted investor interest in the technology and software sector this year that has helped startups fetch sky-high valuations. The latest round brings total funding for Panther Labs, which detects and responds to suspicious activity in real time, to US$140 million. Chief Executive Officer Jack Naglieri said the pandemic played a part in the rapid adoption of its services. Panther Labs has grown its customer base by 300per cent in the last year. The San Francisco-based company counts file-sharing service provider Dropbox Inc, web apps automation firm Zapier and cyber security software startup Snyk as its customers. Last week, web development software startup Vercel doubled its valuation to US$2.5 billion led by GGV Capital and backed by Accel, Tiger Global and Salesforce Ventures. Automation software Workato was valued at US$5.7 billion in a fundraise this month and cloud software platform ActiveCampaign raised funds at a US$3 billion valuation earlier this year. "The market was starving for a new platform to solve security monitoring challenges like high cost, difficulty scaling, and extensibility, and the shift to remote work made those challenges even worse," Naglieri told Reuters. Panther Labs plans to use the latest funding to ramp up product development and expand adoption of the company's products. (Reporting by Mehnaz Yasmin in Bengaluru; Editing by Shinjini Ganguli) Source: Reuters

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labs Patents

labs has filed 2 patents.

The 3 most popular patent topics include:

  • Architectural elements
  • Building engineering
  • Computer networking
patents chart

Application Date

Grant Date

Title

Related Topics

Status

1/26/2018

1/26/2021

Structural engineering, Building engineering, Structural system, Architectural elements, Eucalyptus

Grant

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00/00/0000

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Application Date

1/26/2018

00/00/0000

Grant Date

1/26/2021

00/00/0000

Title

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Related Topics

Structural engineering, Building engineering, Structural system, Architectural elements, Eucalyptus

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Status

Grant

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