Vega Raises $120m Series B To Rethink How Enterprises Detect Cyber Threats - Beritaja

Modern enterprises make tremendous amounts of information data, but bequest devices for illustration Splunk still require companies to shop each of it successful 1 spot earlier they could observe threats – a slow and costly process that’s progressively breaking down successful unreality environments wherever volumes are exploding and information lives everywhere. 

AI cybersecurity startup Vega Security wants to flip that attack by moving information wherever the information already lives, implementing successful unreality services, information lakes, and existing retention systems. And the two-year-old patient conscionable raised a $120 cardinal Series B information to standard that vision, TechCrunch has exclusively learned.

Led by Accel pinch information from Cyberstarts, Redpoint, and CRV, the caller information about doubles Vega’s valuation to $700M and brings its full backing to $185 million, money the startup will usage to further create its AI-native information operations suite, beef retired its go-to-market team, and grow globally.

Shay Sandler, co-founder and CEO of Vega, told TechCrunch that the existent operating exemplary of the SIEM (security accusation and arena management) — the ascendant exertion successful this domain for the past 2 decades — is not only “crazy expensive,” but is besides progressively causing AI-native information operations to fail. In analyzable unreality environments, he says, the existent exemplary often increases vulnerability to threat actors.  

“Vega has defined a caller operating exemplary that enables organizations to leverage the afloat imaginable of their endeavor information to execute incident consequence readiness, without each the complexity, the cost, the drama,” Shay Sandler, co-founder and CEO of Vega, told TechCrunch. “We want to simply alteration them to scope AI-native discovery consequence capacity anyplace the information is, astatine scale.”

Like truthful galore cybersecurity founders, Sandler did his clip successful the Israeli military’s cybersecurity portion earlier being 1 of the founding labor down Granulate, which Intel acquired for $650 million successful 2022. After a twelvemonth astatine Intel, Sandler decided to “do it large clip successful the cybersecurity world.”

That pedigree is partially what attracted the attraction of Andrei Brasoveanu, a partner astatine Accel. But it was besides Vega’s eager attack to information guidance successful a marketplace that is already dominated by 1 player: Splunk.

Brasoveanu told TechCrunch that bequest SIEM companies for illustration Splunk, which Cisco acquired successful 2024 for $28 billion, person been criticized successful caller years because their solutions are difficult to scale. They neglect astatine processing the insane emergence of information volumes driven by AI. 

“Splunk and each contender since has ever centralized the data, but by doing that you fundamentally clasp the customer hostage,” Brasoveanu said. 

However, sometimes it’s easier to dislike the position quo than do the activity of making a move to a amended alternative, a quandary immoderate startup attempting to breach endeavor budgets understands. That’s why Sandler says Vega’s “North Star” was to not only build a solution that is much costs effective and amended astatine threat detection, but “to make it nary drama, arsenic elemental arsenic imaginable for the biggest, about analyzable enterprises successful the world to adopt it wrong minutes.”

Vega’s attack seems to beryllium working. The 100-person startup has already signed multi-million-dollar contracts pinch banks, healthcare companies, and Fortune 500 firms, including cloud-heavy companies for illustration Instacart.

“The only logic they would do that pinch a two-year-old startup is because the problem is truthful achy and different solutions connected the marketplace require an unrealistic anticipation that the endeavor alteration the measurement they run aliases do 2 years of information migrations,” Sandler said. “Vega enables them to conscionable plug and play and execute contiguous discovery consequence value.”