Total amount raised
$42.8 Million
Latest funding date
8/1/2014
Location
Vectra AI has successfully raised significant funding through 9 rounds, with notable investors including TCV and the Ireland Strategic Investment Fund. The company specializes in AI-driven threat detection and response, offering a comprehensive platform that addresses various aspects of cybersecurity.
Keep reading to explore the intricacies of Vectra AI's fundraising journey and the investors backing this innovative platform.
What Is Vectra AI?
Vectra AI is a prominent cybersecurity company based in San Jose, California. Specializing in AI-driven threat detection and response, the company operates in various industries, including Artificial Intelligence, Cloud Security, Cyber Security, Network Security, and Software.
Founded with a mission to stop cyberattacks that others can't, Vectra AI has grown to employ between 501-1000 people. The company is recognized for its innovative platform that detects and mitigates threats across network, identity, and cloud environments.
How Much Funding Has Vectra AI Raised?
- Series A
- Amount Raised: USD 5,300,000
- Date: January 2012
- Lead Investors: IA Ventures, Matrix
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch their AI-driven threat detection platform.
- Series B
- Amount Raised: USD 12,040,000
- Date: August 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their market reach and enhance product capabilities.
- Series B
- Amount Raised: USD 25,000,000
- Date: August 2014
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and accelerate growth.
- Series C
- Amount Raised: USD 35,000,000
- Date: September 2015
- Lead Investors: DAG Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop their AI technology and expand their customer base.
- Series C
- Amount Raised: USD 8,700,000
- Date: March 2016
- Lead Investors: Wipro Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance their product offerings and support global expansion.
- Series D
- Amount Raised: USD 36,000,000
- Date: February 2018
- Lead Investors: Atlantic Bridge
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To drive innovation and expand their market presence.
- Series E
- Amount Raised: USD 100,000,000
- Date: June 2019
- Lead Investors: TCV
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate global market expansion and R&D innovation.
- Series F
- Amount Raised: USD 130,000,000
- Date: April 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further enhance their AI-driven threat detection capabilities and expand their market reach.
Total Amount Raised: USD 352,040,000. Current Valuation: Not publicly disclosed.
Key Investors
- TCV
- Details: TCV (Technology Crossover Ventures) is a leading provider of growth capital to technology companies. Founded in 1995, TCV has raised over $15 billion in capital.
- Investment Focus Areas: Technology, Software, Internet, Financial Technology
- Notable Investments: Netflix, Facebook, Spotify
- IA Ventures
- Details: IA Ventures is a venture capital firm that invests in early-stage companies. They focus on businesses that leverage data to create competitive advantages.
- Investment Focus Areas: Data, Fintech, Enterprise Software
- Notable Investments: Datadog, TransferWise, The Trade Desk
- Matrix
- Details: Matrix Partners is a venture capital firm that invests in early-stage companies. They have a long history of backing successful startups.
- Investment Focus Areas: Technology, Consumer, Enterprise
- Notable Investments: HubSpot, Zendesk, Oculus
- Accel
- Details: Accel is a global venture capital firm that partners with exceptional founders. They have been involved in some of the most significant technology companies.
- Investment Focus Areas: Technology, Consumer, Enterprise
- Notable Investments: Facebook, Slack, Dropbox
- Wipro Ventures
- Details: Wipro Ventures is the strategic investment arm of Wipro Limited. They focus on investing in early to mid-stage startups.
- Investment Focus Areas: Enterprise Software, Cybersecurity, Analytics
- Notable Investments: Demisto, Emailage, Vectra AI
What's Next for Vectra AI?
Vectra AI stands at the cusp of significant opportunities, driven by the increasing demand for robust cloud security solutions. With a recent $100 million funding round, the company is poised to accelerate its global market expansion and enhance its R&D efforts. The Cognito platform, which leverages AI to detect and respond to threats, is central to this growth, addressing critical security gaps in cloud environments.
As the cloud security market continues to grow, Vectra AI is well-positioned to attract further investment. The company's rapid growth in annual recurring revenue and its focus on innovation suggest that future fundraising rounds are likely. However, Vectra AI will need to navigate challenges such as intense competition and the need for continuous innovation to stay ahead of cyber threats.
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