AI-powered cybersecurity platform Vectra AI raises $130M

Today Vectra AI announced it has raised $130 million in a funding round that values the company at $1.2 billion. According to Markets and Markets, the security orchestration, automation, and response (SOAR) segment is expected to reach $1.68 billion in value this year, driven by a rise in security breaches and incidents and the rapid deployment and development of cloud-based solutions.