Vega, a two-year-old cybersecurity startup, has pulled off an impressive $120 million in a Series B funding round. Ultimately, the company seeks to dramatically improve the nature of how cyber threats are detected. It’s steered by co-founder and CEO Shay Sandler, who draws on deep expertise developed through his time in military cybersecurity and while at Granulate.
Founded in 2021, Vega’s mission is to go beyond the boundaries of legacy Security Information and Event Management (SIEM) technology. Sandler is blunt about the state of the current SIEM operating model—calling it “insanely expensive.” This extreme expense in turn leads to growing breakdowns in AI-native security operations. He agreed that the current market solutions unduly burden enterprises. Organizations are left with no choice but to change the way they do business or conduct complicated data migrations.
That’s where Sandler played a key role as one of the founding employees at Granulate. In 2022, Intel saw how important they were and purchased the company for $650 million. After just one year working at Intel, Sandler was motivated to start making a difference. He started Vega to build a faster, simpler, better cybersecurity solution. He imagines Vega as a community-oriented instrument that will guide organizations to realize the full potential of their enterprise data. Meanwhile, it removes the fuss and expense of typical SIEM systems.
Vega has already taken a giant leap toward changing her industry. They’ve signed multi-million-dollar contracts with big banks, healthcare companies, and Fortune 500 corporations. Most interestingly, considering the heavy clouds that currently loom over the sector Vega has been serving, grocery delivery giant Instacart is a Vega customer.
Sandler emphasizes that the rapid adoption of Vega’s solutions by established companies reflects a pressing need for change in cybersecurity practices. He’s quick to point out that a two-year-old startup would only make such a bold move if the problem is really, really painful. Old solutions tend to require limiting or impractical adjustments to operations, or include complex data migrations that take twenty-four months to complete.
Vega’s method provides instant threat detection without the heavy workload often required to roll out cybersecurity solutions. “Vega allows them to plug and play and get quick detection response value right away,” points out Sandler. This relative ease of integration has drawn clients searching for speedy solutions to their needs in a rapidly diversifying, complicated digital world.
Across the industry, experts are aware of the challenges businesses face with legacy SIEM solutions. Andrei Brasoveanu, an investor at a leading venture capital firm, comments on the conventional methods, saying, “Splunk and every contender since has always centralized the data, but by doing that you essentially hold the customer hostage.” This critique highlights the need for new innovations such as Vega that place a premium on being user-friendly and cost-effective.
Vega’s unique organizational operating model sets out to completely change how organizations think about and prepare for incident response readiness. Vega has developed a revolutionary operating model, Sandler insists, one that could be perfected. This innovative model enables organizations to truly unlock their enterprise data to drive incident response preparedness without adding needless complexity, cost and drama. This unyielding dedication to streamlining cybersecurity operations makes Vega a top industry player in an industry sector ready for change.