(Vectra) has received an investment of $100 million to finance the expansion of its ‘Cognito’ platform. Vectra, which is based in San Jose, California, United States, was established in 2011. The company’s services protect clouds that utilize Artificial Intelligence (AI), providing continuous monitoring to protect against cyber attacks. It is a recognized leader in “AI-powered network detection and response” and its services “automate real-time cyber attack detection and response” across networks, data centers, the cloud, and across ‘Internet of Things’ (IoT) devices. The investment was made by TCV - an equity company that supports private and public technology organizations.
There are three key elements to Vectra’s Cognito platform. ‘Cognito Stream’ empowers “threat hunters and incident investigators by leveraging existing software tooling”, while ‘Cognito Detect’ leverages AI to “detect and prioritize in-progress attacks in real-time”. The final element, Cognito Recall’, offers a “comprehensive source of enriched metadata” that allows security analysts to conduct thorough incident investigations. Alongside TCV the company’s current investors were involved in the investment, the funds of which will be used to strengthen the company’s Research and Development (R&D) capabilities and finance global expansion.
“The cloud has inherent security blind spots, making it imperative to eliminate cyber-risks as enterprises move their business to the cloud,” explained Vectra’s President and Chief Executive Officer, Hitesh Sheth. “The Cognito platform enables them to stop hidden cyberattacks in the cloud. We look forward to partnering with TCV and our existing investors as we continue our rapid growth.”Do you know of any other companies winning major investment? Let us know the details. Add your comments below.