Blackstone Growth Leads Vectra AI Funding Round
Blackstone Growth has led a $130mn funding round of Vectra AI, a San-Jose, CA-based provider of threat detection and response technology.
Viral Patel, a Senior Managing Director at Blackstone, said: “Vectra has a proven ability to stop in-progress attacks in the cloud, on corporate networks, and in private data centers for some of the top organizations in the world. The company has experienced extraordinary success through its commitment to combining innovative AI technology, first-class customer service, and top talent, and Blackstone is excited to become part of the Vectra team.”
John Stecher, Chief Technology Officer at Blackstone, added: “Through our experience as a client of Vectra, we’ve been highly impressed by their world-class technology and exceptional team. They have exactly the types of tools that technology leaders need to separate the signal from the noise in defending their organizations from increasingly sophisticated cyber threats. We’re excited to back Vectra and Hitesh as a strategic partner in the years ahead supporting their continued growth.”
“As organizations around the world increasingly focus on cybersecurity, we believe Vectra is providing a critical solution that levels the playing field against the sophisticated actors that generate the most damaging cyberthreats,” said James Socas, a Managing Director at Blackstone. “Vectra is exactly the kind of fast-growing leader we help back and build at Blackstone.”
Existing investors also participated in the funding round, increasing the company’s total funding to more than $350mn at a post-money $1.2bn valuation.
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