Security News > 2021 > April > Threat Detection Firm Vectra Raises $130 Million at $1.2 Billion Valuation
Threat detection and response solutions provider Vectra AI on Thursday announced that it has raised $130 million at a valuation of $1.2 billion, which makes the company the latest cybersecurity unicorn.
The funding, which brings the total raised by the firm to $350 million, was led by Blackstone Growth, with participation from existing investors.
Vectra offers threat detection solutions for cloud environments, data centers, IoT and other enterprise systems.
"Over the past year, we have witnessed a continuous series of the most impactful and widespread cyberattacks in history. To protect their employees and digital assets, our customers require security solutions that are smarter than today's adversaries and provide coverage for cloud, data centers and SaaS applications," said Hitesh Sheth, president and CEO at Vectra.
More than a dozen cybersecurity companies have announced becoming a unicorn so far in 2021.
Fraud prevention company Sift and DevSecOps firm Sysdig announced valuations exceeding $1 billion this week.