Total amount raised
$42.8 Millions
Latest funding date
August, 2014
Location
Vectra AI has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The company's platform leverages advanced AI to offer robust cybersecurity solutions.
Keep reading to explore the intricacies of Vectra AI's fundraising journey and the investors backing this innovative platform.
What Is Vectra AI?
Founded in 2010, Vectra AI is headquartered in San Jose, California. The company specializes in AI-driven cybersecurity solutions designed to detect and stop cyberattacks across networks, identities, clouds, and GenAI.
Vectra AI's platform offers extended detection and response (XDR) capabilities, including network detection and response (NDR), identity threat detection and response (ITDR), and cloud detection and response (CDR). The company aims to reduce noise, prioritize critical alerts, and enable faster response to cyber threats.
While the exact number of employees and the names of the founders are not explicitly mentioned, Vectra AI has grown significantly since its inception, attracting a diverse group of investors and customers worldwide.
How Much Funding Has Vectra AI Raised?
- Seed Round
- Amount Raised: $500K
- Date: June 2011
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to develop the core technology and build the team.
- Series A
- Amount Raised: $5.3M
- Date: January 2012
- Lead Investors: IA Ventures, Matrix
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product development and enter the market.
- Series B
- Amount Raised: $12M
- Date: August 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product features.
- Series B
- Amount Raised: $25M
- Date: August 2014
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate market penetration and expand the customer base.
- Series C
- Amount Raised: $35M
- Date: September 2015
- Lead Investors: DAG Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support rapid growth and further product innovation.
- Series C
- Amount Raised: $8.7M
- Date: March 2016
- Lead Investors: Wipro Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance strategic partnerships and expand into new markets.
- Series D
- Amount Raised: $36M
- Date: February 2018
- Lead Investors: Atlantic Bridge
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To drive global expansion and increase R&D efforts.
- Series E
- Amount Raised: $100M
- 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: $130M
- Date: April 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale operations and enhance AI capabilities.
Total amount raised: $352.5M. Current valuation: Not publicly disclosed.
Key Investors
- TCV (Technology Crossover Ventures)
- Details: TCV is a leading provider of growth capital to technology companies, investing in both private and public companies. Founded in 1995, TCV has raised over $15 billion in capital.
- Investment Focus Areas: Software, internet, financial technology, IT infrastructure.
- Notable Investments: Netflix, Facebook, Spotify.
- Accel
- Details: Accel is a global venture capital firm that partners with exceptional founders to build world-class businesses. They have been involved in the growth of several high-profile tech companies.
- Investment Focus Areas: Consumer, enterprise software, fintech, cybersecurity.
- Notable Investments: Facebook, Slack, Dropbox.
- IA Ventures
- Details: IA Ventures is a venture capital firm that invests in early-stage companies focused on big data, machine learning, and data science. They aim to support companies that leverage data to create transformative products.
- Investment Focus Areas: Big data, machine learning, data science.
- Notable Investments: Datadog, The Trade Desk, TransferWise.
- Matrix Partners
- Details: Matrix Partners is a venture capital firm that invests in early-stage companies across various sectors. They have a long history of supporting entrepreneurs from the seed stage through to IPO.
- Investment Focus Areas: Enterprise software, consumer technology, fintech.
- Notable Investments: HubSpot, Zendesk, Oculus.
- Wipro Ventures
- Details: Wipro Ventures is the strategic investment arm of Wipro Limited, focusing on investing in early to mid-stage startups. They aim to leverage Wipro's global reach and expertise to help startups scale.
- Investment Focus Areas: Enterprise software, cybersecurity, AI.
- 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 the global cloud security market valued at $12.7 billion, Vectra's AI-driven Cognito platform is well-positioned to address critical security gaps, offering comprehensive visibility into cloud, data center, user, and IoT infrastructure.
As Vectra continues to expand globally, future fundraising rounds seem likely to support its ambitious growth and R&D efforts. However, the company must navigate challenges such as intense competition and the need for continuous innovation to stay ahead of evolving cyber threats.
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