Today, I am thrilled to share the news that Vectra has completed a $100 million Series E funding round led by TCV, one of the largest growth equity firms backing private and public technology companies.
With a history of partnerships in the enterprise security industry that include the likes of Rapid7 and Splunk, among others, TCV recognized that Vectra is gaining momentum with our customers and has helped propel us to this pivotal point of growth.
I am extremely proud of the way our team is rethinking how enterprises view both network and cloud security. TCV and all of us at Vectra believe the Cognito platform is poised to become an essential part of the security infrastructure of global enterprises and midsize businesses alike.
In today’s world, our Cognito platform is more important than ever. Critical security gaps in the cloud leave enterprise organizations vulnerable. Cyber attackers take advantage of these gaps without leaving a trail of evidence. Cognito uses AI to detect, hunt, and investigate hidden cyber threats that evade traditional security controls, providing 360-degree visibility into cloud, data center, user, and IOT infrastructure.
We’re ready to use this investment to accelerate Vectra’s expansion into global markets, expand R&D innovation, and solidify the Cognito platform as the market-leading network detection and response platform to secure the cloud. Our passion and commitment to making the world secure digitally, will allow us to constantly push the boundaries of what’s possible to drive the next-generation of security.
Over the next several weeks and months, we will share more specific details about how the Cognito platform addresses cloud security along with our technology partners Amazon Web Services and Microsoft Azure. In the meantime, we have prepared this white paper on the specific cloud security gaps that we address.
The journey we have embarked upon to transform cybersecurity has been made possible by our incredible team, customers and investors. To all those who have supported us along the way, thank you. We look forward to sharing more updates as we continue to make the cloud safer and more secure for all.
Hitesh Sheth is the president and CEO of Vectra. Previously, he held the position of chief operating officer at Aruba Networks. Hitesh joined Aruba from Juniper Networks, where he was EVP/GM for its switching business and before that, SVP for the Service Layer Technologies group, which included security. Prior to Juniper, he held a number of senior management positions in the switching organization at Cisco, including running its metro Ethernet business. Before Cisco, he held executive and engineering management positions at Liberate Technologies and Oracle Corporation. He started his career as a Unix programmer at the Santa Cruz Operation. Hitesh holds a BA degree in Computer Science from the University of Texas at Austin.