Vectra today announced it’s closed a US$36million Series D funding round led by Atlantic Bridge, a global growth equity fund focused on technology investments.
Vectra will leverage this investment to expand sales and marketing globally and accelerate the development of its artificial intelligence (AI)-based threat hunting platform, Cognito.
Kevin Dillon, managing partner at Atlantic Bridge, commented: “We have been impressed by the remarkable growth of Vectra in this fast-moving cyber security market.
“The increasing volume, creativity and effectiveness of cyber attacks mean that enterprises must adopt AI to automate cyber security operations.”
The Ireland Strategic Investment Fund, Nissho Electronics, Khosla Ventures, Accel Partners, IA Ventures, AME Cloud Ventures, DAG Ventures and Wipro Ventures also participated, bringing Vectra’s total funding to date to US$123million.
Written from press release by Leah Alger