Vectra Raises $130M To Fuel R&D Around Cloud Security | SC Media
Cloud security

Vectra Raises $130M To Fuel R&D Around Cloud Security

April 29, 2021
Vectra AI President and CEO Hitesh Sheth said his company aims to expand into Platform-as-a-Service after establishing itself in Office 365 and Infrastructure-as-a-Service and intends to use its recently boosted funds to invest in new technologies in that space, according to CRN.

The company recently ended a $130 million funding round led by Blackstone Growth, which now brings its total funding to over $350 million. The latest round set Vectra’s valuation at $1.2 billion.

Vectra’s offerings include the ability to analyze network packets for signs of compromise, which was later expanded to the ability to assess any data type, such as microservices in the cloud. Sheth said the company will take on additional data scientists, platform engineers and security researchers to seek further advancements, as well pour at least 30% of its revenue into research and development to stay ahead of its competitors. The $130 million Vectra recently raised is expected to be invested in training and services catalogs for the company’s partners.
Jill Aitoro

SC Media Editor in Chief Jill Aitoro has 20 years of experience editing and reporting on technology, business and policy. She also serves as editorial director at SC Media’s parent company, CyberRisk Alliance. Prior to joining CRA, she worked at Sightline Media as editor of Defense News and executive editor of the Business-to-Government Group. She previously worked at Washington Business Journal and Nextgov, covering federal technology, contracting and policy, as well as CMP Media’s VARBusiness and CRN and Penton Media’s iSeries News.

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