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Panther: The Cloud-Native SIEM Scalpel
How Panther is dismantling legacy SIEMs with serverless architecture and developer-first security.
Legacy SIEMs are dying under the weight of cloud noise, but Panther isn't just filtering the noise—it's rewriting the infrastructure rules. By betting everything on serverless architecture and Python, they've turned security monitoring into a developer's playground rather than an ops nightmare.
"Panther doesn't compete on features—it competes on architecture. While Splunk charges by the GB, Panther charges by the value delivered."
The Enterprise Trap Door
Panther's customer roster (Zapier, Dropbox, Asana) reveals their strategy: skip the mid-market entirely and go straight for the high-volume, high-complexity enterprise logs. These aren't companies buying a SIEM because compliance says so—they're buying because their current stack is literally burning money on ingestion costs. Panther's 258 employees generating $56.6M means they're operating at $220K revenue per head—exceptional efficiency for a security company.
The Growth Signal
With $140.5M raised and a recent $15M Series B extension in 2024, Panther is in the awkward scaling phase where technical validation meets revenue pressure. Their traffic numbers (39K monthly visits) seem modest until you realize 43% is organic search—these are engineers actively looking for SIEM alternatives, not brand awareness campaigns. The 'oanther' typo ranking #2 in their keywords suggests they're already dominating the 'Panther' brand space so thoroughly that even typos drive traffic.
The real story is in their tech stack: Tailwind CSS, Bootstrap, and Ant Design suggest a company that ships front-end fast but hasn't over-engineered their UI. Google Analytics + Hotjar + LinkedIn Insight Tag is the standard B2B growth stack, but the absence of fancy CDP tools suggests they're still relying on product-led growth rather than enterprise sales motions. This is a technical product selling to technical buyers.
- Serverless-first architecture means infinite scale without infrastructure management—direct threat to Splunk's hardware-heavy model
- Python-based detection logic lowers the barrier for security engineers who code, alienating traditional SOC analysts who don't
- Their 'AI-powered by AWS Claude' blog post signals they're riding the AI wave, but it's unclear if this is product differentiation or marketing hype
The Verdict: High Stakes, High Ceiling
Panther is betting that the future of security is written in Python and deployed serverless. They're either the next Splunk or the most expensive acquisition target of 2025.
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Panther | The Security Monitoring Platform for the Cloud
Panther is the security monitoring platform for the cloud, trusted by teams at Zapier, Dropbox, Asana and more to optimize costs and control, accelerate detection and response, and achieve cross-system visibility at scale.
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About panther.com
Panther is the security monitoring platform for the cloud, trusted by teams at Zapier, Dropbox, Asana and more to optimize costs and control, accelerate detection and response, and achieve cross-system visibility at scale.
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panther.com uses 21 technologies across their website including Font Awesome, Google Fonts, HSTS, Sentry, and more.
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HSTS
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Marketing Automation
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DoubleClick Floodlight, Microsoft Ads, Twitter Pixel, LinkedIn Insight Tag +1 more
Traffic & Audience
panther.com receives approximately 39.7K monthly visitors and ranks #837,757 globally. The website has a bounce rate of 40% with visitors viewing an average of 1.7 pages per visit. Users spend an average of 0:33 on the site.
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