Vectra Raises $130M To Fuel R&D Around Cloud Security

Vectra AI has closed a $130 million funding round on a $1.2 billion valuation to drive more investment around securing Platform-as-a-Service (PaaS) technologies. With this$1.2 billion valuation, CEO Hitesh Sheth wants to use the Blackstone-led funding to better safeguard microservices in the cloud including containers and serverless technology.