Cloud Security, Cloud Security

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

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

Jill Aitoro leads editorial for SC Media, and content strategy for parent company CyberRisk Alliance. She 20 years of experience editing and reporting on technology, business and policy.

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