The Ireland Strategic Investment Fund (ISIF) has taken part in a $100 million (€88.4 million) funding round in Vectra, an artificial intelligence cybersecurity company which has a presence in Dublin. The ISIF invested about $5 million in the latest funding round, The Irish Times understands, although a spokesman for the fund declined to give a figure. ISIF’s 2018 investment also helped Vectra expand its sales and support operation for Europe, the Middle East and Africa, creating up to 100 jobs over five years. Vectra’s funding round was led by private equity company TCV, with other existing investors participating in the round which brings the company’s total funding to more than $200 million. In a statement, the company said it would use the investment to accelerate its global expansion and research and development innovation.

Source: The Irish Times June 11, 2019 01:52 UTC