Panther Labs raised $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 $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. The latest round brings total funding for Panther Labs, which detects and responds to suspicious activity in real time, to $140 million.

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