Vectra lands $100M Series E investment for AI-driven network security
Vectra, a seven-year-old company that helps customers detect intrusions at the network level, whether in the cloud or on premises, announced a $100 million Series E funding round today led by TCV. Existing investors, including Khosla Ventures and Accel, also participated in the round, which brings the total raised to more than $200 million, according to the company.
As company CEO Hitesh Sheth explained, there are two primary types of intrusion detection. The first is end point detection and the second is his company’s area of coverage, network detection and response, or NDR. He says that by adding a layer of artificial intelligence, it improves the overall results.
“One of the keys to our success has been applying AI to network traffic, the networking side of NDR, to look for the signal in the noise. And we can do this across the entire infrastructure, from the data center to the cloud all the way into end user traffic including IoT,” he explained.
He said that as companies move their data to the cloud, they are looking for ways to ensure the security of their most valuable data assets, and he says his company’s NDR solution can provide that. In fact, securing the cloud side of the equation is one of the primary investment focuses for this round.