Vega Security Secures $120M Series B to Revolutionize Enterprise Cyber Threat Detection
In an era where enterprises generate vast amounts of security data, traditional tools like Splunk necessitate centralizing this data to detect threats—a method that is both time-consuming and costly. This approach is increasingly inadequate in cloud environments, where data volumes are surging and information is dispersed across various platforms.
Vega Security, an AI-driven cybersecurity startup, aims to transform this paradigm by conducting security operations directly within existing data environments, such as cloud services, data lakes, and storage systems. The two-year-old company has recently secured a $120 million Series B funding round to advance this vision.
The funding round was led by Accel, with participation from Cyberstarts, Redpoint, and CRV. This investment nearly doubles Vega’s valuation to $700 million and brings its total funding to $185 million. The capital will be utilized to enhance Vega’s AI-native security operations suite, expand its go-to-market team, and pursue global growth.
Shay Sandler, co-founder and CEO of Vega, highlighted the inefficiencies of the current Security Information and Event Management (SIEM) model, which has dominated the industry for the past two decades. He described it as crazy expensive and noted that it often leads to failures in AI-native security operations. In complex cloud environments, this model can inadvertently increase exposure to cyber threats.
Vega has defined a new operating model that enables organizations to leverage the full potential of their enterprise data to achieve incident response readiness, without all the complexity, the cost, the drama, Sandler stated. We want to simply enable them to reach AI-native detection response capability anywhere the data is, at scale.
Sandler’s background includes service in the Israeli military’s cybersecurity unit and a role as a founding employee at Granulate, which was acquired by Intel for $650 million in 2022. After a year at Intel, Sandler decided to make a significant impact in the cybersecurity sector.
This impressive track record caught the attention of Andrei Brasoveanu, a partner at Accel. Brasoveanu was particularly drawn to Vega’s ambitious approach to security management in a market largely dominated by Splunk.
Brasoveanu pointed out that legacy SIEM companies like Splunk, which Cisco acquired in 2024 for $28 billion, have faced criticism for their solutions’ scalability issues. These traditional systems struggle to process the massive increase in data volumes driven by AI advancements.
Splunk and every contender since has always centralized the data, but by doing that you essentially hold the customer hostage, Brasoveanu explained.
Recognizing the challenges enterprises face when transitioning to new security solutions, Sandler emphasized Vega’s commitment to simplicity and efficiency. The company’s goal is to provide a cost-effective and superior threat detection solution that can be adopted seamlessly by large, complex enterprises within minutes.
Vega’s approach has already resonated with the market. The 100-person startup has secured multimillion-dollar contracts with banks, healthcare companies, and Fortune 500 firms, including cloud-centric companies like Instacart.
The only reason they would do that with a two-year-old startup is because the problem is so painful and other solutions on the market require an unrealistic expectation that the enterprise change the way they operate or do two years of data migrations, Sandler noted. Vega enables them to just plug and play and achieve immediate detection response value.
