Vega, an Israeli cybersecurity startup, raised $120 million in a Series B funding round led by Accel, achieving a valuation of $700 million and bringing its total funding to $185 million, to enhance its AI-driven security analytics capabilities and expand its presence in the U.S. market.

Information on the target

Vega, an Israeli cybersecurity startup, has successfully raised $120 million in a Series B funding round, achieving a valuation of $700 million just two years after its inception. The company is poised to introduce a new paradigm in the security threat detection market, addressing the evolving needs of enterprises in a rapidly changing digital landscape.

Led by Accel, the funding round also saw participation from Cyberstarts, Redpoint, and CRV, bringing Vega's total funding to $185 million. This significant capital influx comes only five months after the company emerged from stealth mode, during which it raised $65 million.

Industry overview in the target’s specific country

The cybersecurity industry in Israel has long been recognized as a global leader, with a robust ecosystem of startups and established companies driving innovation. The country is home to a wealth of talent, particularly from military intelligence units,