Vectra raises $100M Series E led by TCV
Vectra, the San Jose, California network threat detection and response company, announced on June 10, 2019 that it had closed a $100 million funding round led by TCV, with existing investors also participating. The round brought Vectra's total funding to more than $200 million. Vectra said it would use the capital to accelerate global expansion and research and development for its Cognito platform, which uses AI to detect attackers across cloud, data center, user and IoT infrastructure.
Vectra reported 104% growth in annual recurring revenue in 2018 over 2017. TCV general partner Tim McAdam, a member of the Vectra board, pointed to the firm's record backing security companies such as Rapid7 and Splunk from growth stage to public markets. TCV lists Vectra as an active infrastructure software holding.
