Friday, May 14, 2021

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Vectra AI: Raises $130M in Funding

  • Vectra AI, a San Jose, CA-based threat detection and response company, raised $130m in funding
  • The round, which brought total funding raised to date to more than $350m at a post-money $1.2 billion valuation, led by funds managed by Blackstone Growth with participation from existing investors
  • The company intends to use the funds to accelerate growth through platform innovation and expansion into new markets and geographies
  • Led by Hitesh Sheth, president and chief executive officer, Vectra provides an artificial intelligence (AI)-driven cloud security platform for threat detection and response
  • Cognito detects attacker behaviors and protects its users from compromised, regardless of location
  • The platform works across the complex enterprise IT infrastructure to continuously learn, and deploys advanced AI, threat intelligence feeds and known attack profiles to identify breaches as they executed

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