Vectra Networks, a provider of real-time detection of cyber attacks in progress, today announced that it has received $25 Million in an oversubscribed Series C financing round led by VC firm Accel Partners.
According to the San Jose, Calif.-based company, the investment will accelerate research and development, sales and marketing to help meet demand for its real-time detection of cyber attacks in progress.
Vectra’s X-series platform delivers continuous automated cyber attack (malware) detection and reporting that has the ability to instantly identify attacks while they are happening and provide insight into what an attacker is doing. The system automatically prioritizes attacks that pose the greatest business risk, enabling customers to quickly make decisions on where to focus their time and resources, the company said.
“The increasing volume, creativity and effectiveness of online threats makes cyber security a Board-level IT priority for CEOs and CIOs,” said Eric Wolford, partner at Accel Partners. “As a result, innovators like Vectra Networks are driving massive disruption in enterprise security by using data science to give IT the upper hand against cyber attacks without having to scale out staffing.”
As part of the funding deal, Wolford has joined Vectra Networks’ Board of Directors. Prior investors Khosla Ventures, IA Ventures and AME Cloud Ventures also participated in the round. Additionally, Intel Capital and Juniper Networks, through its Junos Innovation Fund, joined the round, Vectra said.
“I am thrilled to have the support of Accel Partners and have Eric join the Vectra board of directors,” said Hitesh Sheth, CEO of Vectra Networks. “The reality today is that every network is breached. Advanced persistent attacks are evading existing perimeter security and threatening our digital economy. Vectra’s automated and intuitive cyber security platform empowers IT organizations to take a proactive stand against cyber attacks.”
