Threat Intelligence

04:40 PM
Dark Reading
Dark Reading
Products and Releases

Vectra Raises $36M to Help Enterprises Use AI in Hunt for Cyberattackers

London, Feb. 22, 2018 – Vectra, the leader in automating the hunt for in-progress cyberattacks, today announced it closed a $36 million 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.

The Ireland Strategic Investment Fund (ISIF) and Nissho Electronics Corp. also participated in this funding round along with returning investors Khosla Ventures, Accel Partners, IA Ventures, AME Cloud Ventures, DAG Ventures and Wipro Ventures, bringing Vectra’s total funding to date to $123 million.

“We have been impressed by the remarkable growth of Vectra in this fast-moving cybersecurity market,” said Kevin Dillon, managing partner at Atlantic Bridge. “The increasing volume, creativity and effectiveness of cyberattacks means that enterprises must adopt AI to automate cybersecurity operations. We look forward to helping the company expand its global enterprise footprint.”

Building on its momentum, Vectra is opening a new research-and-development centre in Dublin, Ireland. This centre will enable the company to rapidly expand its product portfolio, provide global reach to serve Fortune 500 customers, and create up to 100 jobs in Ireland over the next five years. In addition to the Dublin R&D centre, Vectra has R&D facilities in San Jose, Calif., Austin, Texas and Cambridge, Mass.

“This is an exciting investment for ISIF, which promises significant economic impact for Ireland,” said Fergal McAleavey, head of private equity at ISIF. “It is encouraging to see Ireland leverage its emerging expertise in artificial intelligence by attracting businesses such as Vectra that are on the leading edge of technology. With cybersecurity becoming such a critical issue for all organisations, we are confident that Vectra will deliver a strong economic return on our investment while creating high-value R&D employment here in Ireland.”

“Vectra had an incredible year in 2017, during which we achieved record revenue growth of 181% over the previous year and delivered further product innovations to our customers,” said Hitesh Sheth, president and CEO of Vectra. “We’re excited to add Atlantic Bridge, ISIF and Nissho as investors. This investment will accelerate our mission to transform cybersecurity with AI, including delivering additional innovations through our new Dublin R&D centre.”

Vectra was recently named the only Visionary by Gartner in its 2018 Magic Quadrant for Intrusion Detection and Prevention Systems[1]. The Cognito platform from Vectra enables enterprises to detect and respond to cyberattacks in real time. Cognito uses AI to perform non-stop, automated threat hunting with always-learning behavioral models to quickly and efficiently find hidden and unknown attackers before they do damage. Cognito provides full visibility into cyberattacker behaviours from cloud and data centre workloads to user and internet-of-things devices, ensuring attackers have nowhere to hide.

[1]Gartner, Magic Quadrant for Intrusion Detection and Prevention Systems, by Craig Lawson and Claudio Neiva, 10 January 2018. Subscribers may view the report at:

Please visit the Vectra Series D funding resources web page for more information about this announcement.

Comment  | 
Print  | 
More Insights
Newest First  |  Oldest First  |  Threaded View
The Case for Integrating Physical Security & Cybersecurity
Paul Kurtz, CEO & Cofounder, TruSTAR Technology,  3/20/2018
A Look at Cybercrime's Banal Nature
Curtis Franklin Jr., Senior Editor at Dark Reading,  3/20/2018
City of Atlanta Hit with Ransomware Attack
Dark Reading Staff 3/23/2018
Register for Dark Reading Newsletters
White Papers
Current Issue
How to Cope with the IT Security Skills Shortage
Most enterprises don't have all the in-house skills they need to meet the rising threat from online attackers. Here are some tips on ways to beat the shortage.
Flash Poll
[Strategic Security Report] Navigating the Threat Intelligence Maze
[Strategic Security Report] Navigating the Threat Intelligence Maze
Most enterprises are using threat intel services, but many are still figuring out how to use the data they're collecting. In this Dark Reading survey we give you a look at what they're doing today - and where they hope to go.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
Published: 2017-05-09
NScript in mpengine in Microsoft Malware Protection Engine with Engine Version before 1.1.13704.0, as used in Windows Defender and other products, allows remote attackers to execute arbitrary code or cause a denial of service (type confusion and application crash) via crafted JavaScript code within ...

Published: 2017-05-08
unixsocket.c in lxterminal through 0.3.0 insecurely uses /tmp for a socket file, allowing a local user to cause a denial of service (preventing terminal launch), or possibly have other impact (bypassing terminal access control).

Published: 2017-05-08
A privilege escalation vulnerability in Brocade Fibre Channel SAN products running Brocade Fabric OS (FOS) releases earlier than v7.4.1d and v8.0.1b could allow an authenticated attacker to elevate the privileges of user accounts accessing the system via command line interface. With affected version...

Published: 2017-05-08
Improper checks for unusual or exceptional conditions in Brocade NetIron 05.8.00 and later releases up to and including 06.1.00, when the Management Module is continuously scanned on port 22, may allow attackers to cause a denial of service (crash and reload) of the management module.

Published: 2017-05-08
Nextcloud Server before 11.0.3 is vulnerable to an inadequate escaping leading to a XSS vulnerability in the search module. To be exploitable a user has to write or paste malicious content into the search dialogue.