Vectra honored for achievements in AI-based network threat detection and response
CB Insights named Vectra to the third annual AI 100 ranking, showcasing the 100 most promising private artificial intelligence (AI) companies in the world. The Cognito platform from Vectra delivers industry-leading network threat detection and response. Cognito uses AI to detect attacker behaviors in real time and empower security analysts to perform conclusive incident investigations quickly.
“After being named to the AI 100 in 2018, last year’s honorees raised nearly $4.5B across 45 deals with 6 going on to be valued at $1 billion or more,” said CB Insights CEO Anand Sanwal. “The data we compiled on this year's nominees, ranging from their customers to their patents to their CB Insights' Mosaic scores, revealed 100 AI companies that are driving transformation across a number of industries and which are taking on a variety of large societal issues ranging from disaster management to cancer diagnosis to detecting fake news. We expect these companies will see similar levels of momentum and progress in 2019 and are excited to continue to track their progress.”
Cognito Detect and its AI counterpart, Cognito Recall, are the cornerstones of the Cognito platform. Cognito Detect automates the real-time detection of hidden attackers while giving Cognito Recall a logical starting point to perform AI-assisted threat hunting and conduct conclusive incident investigations.
“Being named in the AI 100 is a significant honor,” said Mike Banic, vice president of marketing at Vectra. “This recognition validates the company’s 104 percent growth in annual recurring revenue in 2018 as well as our global leadership in using AI to automate real-time detection of hidden cyberattacks, enable AI-assisted threat hunting and empower more conclusive incident investigations.”
In addition to disrupting core sectors including healthcare, telecommunications, semiconductor, government, retail, and finance, the 2019 AI 100 companies are revamping the broader enterprise tech stack. These companies span the globe, from the US, UK, Israel, Japan, China, Germany, Sweden, and Canada, and are supported by more than 680 investors from 29 countries. Through an evidence-based approach, the CB Insights research team selected the AI 100 from over 3,000 companies based on several factors including patent activity, investor quality, news sentiment analysis, proprietary Mosaic scores, market potential, partnerships, competitive landscape, team strength, and tech novelty. The Mosaic Score, based on CB Insights’ algorithm, measures the overall health and growth potential of private companies to help predict a company’s momentum.
• As of EOY 2018, these emerging private companies have cumulatively raised $9.4B across 375 deals.
• Eleven companies have reached a unicorn valuation of $1B or more.
• Over 680 unique investors from 29 different countries have backed the companies in this year’s cohort.
• Over 680 US patent applications have been filed by the AI 100.
• Twenty-five previous honorees were featured on this year’s list, in addition to 75 new companies.
• Eight countries are represented on the ranking, and the majority of the companies are based in the United States.
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