Databricks Makes Third Cyber Acquisition, Acquiring Panther Labs

Databricks has agreed to acquire Panther Labs for an undisclosed price as its third cybersecurity acquisition, aiming to compete with CrowdStrike and Splunk. The deal reflects Databricks' strategy to build AI-powered security solutions using autonomous agents to defend against increasingly sophisticated attacks. Databricks is also reportedly preparing a new funding round that could value the company between $165-175 billion, with a potential IPO as early as next year.