US-based cybersecurity technology developer Vectra, backed by corporates Intel, Juniper Networks, Nissho Electronics and Wipro, raised $100m on Monday in a funding round led by private equity firm TCV.
A range of unnamed existing investors also contributed to the round, and TechCrunch identified venture capital firms Accel and Khosla Ventures among the returning shareholders.
Founded in 2011, Vectra has built a cybersecurity software platform called Cognito that relies on artificial intelligence technology to automatically detect and respond to cyber attacks on an organisation’s cloud, data centre and internet-of-things infrastructure.
The funding will allow the company to accelerate its international expansion efforts and research and development activities as it seeks to strengthen Cognito’s market share.
Vectra has now raised more than $200m in funding. It attracted $36m in series D funding in February 2018 from IT service providers Nissho and Wipro, the latter of which took part through corporate venturing unit Wipro Ventures.
Growth equity fund Atlantic Bridge led the series D round, which also attracted Irish sovereign wealth Ireland Strategic Investment Fund, Khosla Ventures, Accel, IA Ventures, AME Cloud Ventures and DAG Ventures.
The latter five had already joined networking technology producer Juniper Networks and Intel Capital, the corporate venturing subsidiary of chipmaker Intel, to provide $35m for Vectra in 2015. Wipro Ventures subsequently provided an extension in 2016 to close the round at $43.8m.
The company had previously secured $25m in a 2014 series C led by Accel that included Intel Capital, Juniper Networks investment vehicle Junos Innovation Fund, IA Ventures, Khosla Ventures and AME Cloud Ventures.
