Vectra, a San Jose, CA-based provider of solutions to automate the hunt for in-progress cyberattacks, closed a $36m Series D funding.
The round, which brings total funding to date to $123m, was led by Atlantic Bridge with participation from The Ireland Strategic Investment Fund (ISIF) and Nissho Electronics Corp. and returning investors Khosla Ventures, Accel Partners, IA Ventures, AME Cloud Ventures, DAG Ventures and Wipro Ventures.
The company will use the funds to expand sales and marketing globally and accelerate the development of its artificial intelligence (AI)-based threat hunting platform.
Led by Hitesh Sheth, president and CEO, Vectra leverages AI to provide Cognito™, a platform that automates cyberattack detection and response from data center and cloud workloads to user and IoT devices. Cognito correlates threats, prioritizes hosts based on risk and provides rich context to empower response with existing security systems, reducing security operations workload by 168x.
Vectra is opening a new research-and-development center in Dublin, Ireland, to expand its product portfolio, provide global reach to serve Fortune 500 customers, and create up to 100 jobs in Ireland over the next five years. In addition to the Dublin R&D center, the company has R&D facilities in San Jose, Calif., Austin, Texas and Cambridge, Mass.