San Jose funding news: Artificial intelligence tops recent local investments

Photo: Tara/Facebook
By Hoodline - Published on July 05, 2019.

San Jose-based network security company Vectra AI has secured $100 million in Series E funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced on June 10 and led by TCV.

According to its Crunchbase profile, "Vectra specializes in network detection and response – from cloud and data center workloads to user and IoT devices. Its Cognito® platform accelerates threat detection and investigation using artificial intelligence to collect, store and enrich network metadata with the right context to detect, hunt and investigate known and unknown threats in real time. The company offers three applications on the Cognito platform to address high-priority use cases."

The nine-year-old company has raised seven previous funding rounds, including a $36 million Series D round in 2018.

The round brings total funding raised by San Jose companies in artificial intelligence over the past month to $110 million. The local artificial intelligence industry has seen 32 funding rounds over the past year, capturing a total of $810 million in venture funding.

In other local funding news, developer tools and machine learning company Tara announced a $10 million Series A funding round on July 1, led by Aspect Ventures.

According to Crunchbase, "Tara is the intelligent product builder, managing software builds from start to finish. Deploy on-demand developers, automatically scope your project and build task lists all through one platform. Tara serves small businesses and enterprise companies nationwide, and has offices in San Jose and San Francisco."

Founded in 2015, the company has raised three previous rounds, including a $2.5 million seed round in 2018.

This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.

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