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Threat detection startup Vectra AI raises $130M on unicorn valuation of $1.2B

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Artificial intelligence-driven threat detection and response startup Vectra AI Inc. announced today it has raised $130 million in new funding to expand its platform and expand into new markets.
The round was led by funds managed by Blackstone Growth and a number of existing investors. Notably, the funding was raised on a valuation of $1.2 billion giving the company unicorn status for the first time.
Founded in 2010, Vectra offers a cybersecurity platform that users AI to detect and automatically stop attackers in real time while collecting data to perform conclusive incident investigations. Covering cloud and data center workloads to user and “internet of things” devices, the company’s Cognito platform detects, hunts and investigates unknown threats through four applications. ....

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Vectra AI picks up $130M at a $1.2B valuation for its network approach to threat detection and response – TechCrunch

Cybersecurity nightmares like the SolarWinds hack highlight how malicious hackers continue to exploit vulnerabilities in software and apps to do their dirty work. Today a startup that’s built a platform to help organizations protect themselves from this by running threat detection and response at the network level is announcing a big round of funding to […] ....

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