Showing posts with label Vectra. Show all posts
Showing posts with label Vectra. Show all posts

Thursday, April 29, 2021

Vectra AI raises $130 million for automated threat detection/response

Vectra AI, a start-up based in San Jose, California, announced $130 million in new funding for its work in automated cyber threat detection and response. The company's mission is "to see and stop threats before they become breaches."

“Over the past year, we have witnessed a continuous series of the most impactful and widespread cyberattacks in history. To protect their employees and digital assets, our customers require security solutions that are smarter than today’s adversaries and provide coverage for cloud, data centers and SaaS applications” said Hitesh Sheth, president and chief executive officer at Vectra. “As we look to the future, Blackstone’s global presence, operational resources, and in-house technology expertise will help us achieve our mission to become one of the dominant cybersecurity companies in the world.”

The new $130 funding round was led by funds managed by Blackstone Growth. This brings Vectra's total funding since inception to more than $350 million at a post-money $1.2 billion valuation.

Viral Patel, a Senior Managing Director at Blackstone, said: “Vectra has a proven ability to stop in-progress attacks in the cloud, on corporate networks, and in private data centers for some of the top organizations in the world. The company has experienced extraordinary success through its commitment to combining innovative AI technology, first-class customer service, and top talent, and Blackstone is excited to become part of the Vectra team.”

For 2020, the Vectra reported a compound annual growth rate (CAGR) exceeding 100 percent, while sales of its Cognito Detect product for Microsoft Office 365 have grown at a rate of over 700 percent. 

http://www.vectra.ai

  • Vectra AI is headed by Hitesh Sheth (president and CEO), who previously was chief operating officer at Aruba Networks. Hitesh joined Aruba from Juniper Networks, where he was EVP/GM for its switching business and before that, SVP for the Service Layer Technologies group, which included security. Prior to Juniper, Hitesh held a number of senior management positions at Cisco.

Monday, June 24, 2019

Vectra raises $100m for its AI-driven cloud security

Vectra, a start-up based in San Jose, California, announced $100 million in new funding for its artificial intelligence (AI)-driven cloud security using network detection and response.

Vectra's Cognito platform promises 360-degree visibility into cloud, data center, user and internet-of-things (IoT) infrastructure. The company reports 104% growth in annual recurring revenue in 2018 compared to 2017. The company will continue to ramp up initiatives aimed at addressing the global deficit in cloud security, innovating on its existing platform and expanding its global customer base.

The new funding was led by TCV and included existing investors. This brings the company’s total funding to date to more than $200 million.

“The cloud has inherent security blind spots, making it imperative to eliminate cyber-risks as enterprises move their business to the cloud,” said Hitesh Sheth, president and chief executive officer at Vectra. “The Cognito platform enables them to stop hidden cyberattacks in the cloud. We look forward to partnering with TCV and our existing investors as we continue our rapid growth.”

Tuesday, August 5, 2014

Vectra Networks Raises $25M for Cyber Attack Detection

Vectra Networks, a start-up based in San Jose, California, raised $25 million in an oversubscribed Series C financing round.

Vectra Networks has developed a platform to detect attacks at every phase of an ongoing attack, regardless of how the attack enters an organization’s network. The platform continuously monitors an organization’s network and provides rapid intuitive and prioritized reporting so security analysts. Vectra uses next-generation compute architecture and combines data analytics and machine learning to detect attacks on every device, application and operating system.

The funding round was led by Accel Partners and included prior investors Khosla Ventures, IA Ventures and AME Cloud Ventures. In addition, Intel Capital and Juniper Networks, through its Junos Innovation Fund, joined the round.

“I am thrilled to have the support of Accel Partners and have Eric join the Vectra board of directors,” said Hitesh Sheth, CEO of Vectra Networks. “The reality today is that every network is breached. Advanced persistent attacks are evading existing perimeter security and threatening our digital economy. Vectra’s automated and intuitive cyber security platform empowers IT organizations to take a proactive stand against cyber attacks.”

http://www.vectranetworks.com


  • Vectra Networks is headed by Vitesh Sheth, who previously was Chief Operating Officer at Aruba Networks. Hitesh joined Aruba from Juniper Networks, where he was EVP/GM for their switching business and before that, SVP for their Service Layer Technologies group, which included security. Prior to Juniper, he held a number of senior management positions in the switching organization at Cisco Systems, including running their Metro Ethernet business.