Cyber startup Vega secures $120 million Series B just five months after $65 million raise
Accel-led round brings total funding to $185 million, with Vega already reaching an $800 million valuation.
Vega Security has formally announced a $120 million Series B round, nearly doubling its valuation and bringing total capital raised to $185 million in less than two years. Calcalist first reported the funding round last December, with Vega reaching an $800 million valuation. The financing was led by Accel, with participation from existing backers Cyberstarts, Redpoint, and CRV.
Vega describes itself as the creator of the industry’s first AI-Native Security Analytics Mesh (SAM), a platform designed to handle the full workflow of a modern security operations center: visibility, detection, triage, investigation, and response. Unlike traditional systems that require companies to consolidate logs and alerts into a central repository before they can be analyzed, Vega’s approach works directly on data where it already resides across clouds and legacy systems.
That architectural distinction addresses what the company calls a structural flaw in existing security analytics. Centralization, long the default strategy, can inflate infrastructure costs, slow investigations, and leave gaps in visibility as organizations expand across multiple environments. Vega argues that this model no longer matches the reality of sprawling digital estates and increasingly aggressive attackers.
Vega says it is already signing multi-million-dollar contracts with global banks, major healthcare providers, and Fortune 200 companies. The platform now supports the entire security operations lifecycle and adds AI-based triage and case-management capabilities intended to reduce the manual burden on analysts.
“When a solution is adopted this quickly by global banks and large enterprises, it signals a real shift in how the market wants to operate,” said Shay Sandler, Vega’s co-founder and CEO. Security teams, he added, “can’t keep up when their data is scattered across clouds and platforms, while the tools they rely on still assume everything can be pulled into one place.”
The new funding will be used to deepen product development, particularly around AI-driven investigation flows, and to expand the company’s go-to-market organization in the United States, where most of its growth is currently concentrated. Vega has grown to roughly 100 employees and recently bolstered its leadership ranks with the appointments of Yonni Shelmerdine, former chief product officer at Expel and vice president at SentinelOne, as CPO, and Ofir Nir, formerly VP R&D at Singular and Monday.com, as head of research and development.
