Security firm Vectra has got its paws on millions in funding to fuel some international expansion
The firm uses AI to get ahead of security threats, has opened a research and development centre in Ireland and is planning to increase the channel numbers in the UK.
The firm has gained $36 million in series D funding, led by Atlantic Bridge along with a few others, including the Ireland Strategic Investment Fund.
The R&D centre in Ireland gives the firm a foothold in the EU and should generate up to 100 jobs over the next five years.
Hitesh Sheth, president and CEO of Vectra, said that it had already established some channel and customer relationships in the UK, but this funding would give it the chance to do more. He added that the company had a significant European footprint, but the funding would drive company growth internationally.
He added that the firm had taken the decision to be indirect since the beginning and wanted to add more resellers.
One of the issues that its software has been able to identify is a growing number of PCs that are being used for Bitcoin mining which can make PCs insecure.
