Vega raises $120M Series B to rethink how enterprises detect cyber threats

Modern enterprises make tremendous amounts of information data, but bequest tools similar Splunk inactive necessitate companies to store each of it successful 1 spot earlier they tin observe threats – a dilatory 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 steadfast conscionable raised a $120 cardinal Series B circular to standard that vision, TechCrunch has exclusively learned.

Led by Accel with information from Cyberstarts, Redpoint, and CRV, the caller circular astir doubles Vega’s valuation to $700M and brings its full backing to $185 million, wealth the startup volition usage to further make 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 lawsuit management) — the ascendant exertion successful this domain for the past 2 decades — is not lone “crazy expensive,” but is besides progressively causing AI-native information operations to fail. In analyzable unreality environments, helium says, the existent exemplary often increases vulnerability to menace actors.  

“Vega has defined a caller operating exemplary that enables organizations to leverage the afloat imaginable of their endeavor information to execute incidental effect readiness, without each the complexity, the cost, the drama,” Shay Sandler, co-founder and CEO of Vega, told TechCrunch. “We privation to simply alteration them to scope AI-native detection effect capableness 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 employees 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 spouse astatine Accel. But it was besides Vega’s ambitious attack to information absorption successful a marketplace that is already dominated by 1 player: Splunk.

Brasoveanu told TechCrunch that bequest SIEM companies similar Splunk, which Cisco acquired successful 2024 for $28 billion, person been criticized successful caller years due to the fact that their solutions are hard 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 lawsuit hostage,” Brasoveanu said. 

However, sometimes it’s easier to hatred the presumption quo than bash the enactment of making a power to a amended alternative, a quandary immoderate startup attempting to breach endeavor budgets understands. That’s wherefore Sandler says Vega’s “North Star” was to not lone physique a solution that is much outgo effectual and amended astatine menace detection, but “to marque it nary drama, arsenic elemental arsenic imaginable for the biggest, astir analyzable enterprises successful the satellite to follow it wrong minutes.”

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

“The lone crushed they would bash that with a two-year-old startup is due to the fact that the occupation is truthful achy and different solutions connected the marketplace necessitate an unrealistic anticipation that the endeavor alteration the mode they run oregon bash 2 years of information migrations,” Sandler said. “Vega enables them to conscionable plug and play and execute contiguous detection effect value.”