Vectra Raises $123M for Global Push of its AI-Based Security Plat

Security startup Vectra closed a $36 million Series D funding round, bringing its total funding to $123 million. The company will use the latest investment to help build a research and development center in Dublin as it pushes its artificial intelligence (AI)-based platform into the global market. Atlantic Bridge led the Series D round. The Ireland Strategic Investment Fund (ISIF) and Nissho Electronics Corp. also participated along with returning investors Khosla Ventures, Accel Partners, IA Ventures, AME Cloud Ventures, DAG Ventures, and Wipro Ventures. The funding comes as a new report from McAfee, in partnership with the Center for Strategic and International Studies, found cybercrime costs businesses close to $600 billion per year.