7 years ago

Darktrace Raises $50 Million in Series E Funding, Now Valued at $1.65 Billion

  • Darktrace, a U.K.-based cybersecurity company specializing in using machine learning to identify and stop malicious network behavior, has raised $50 million in a Series E funding round led by Vitruvian Partners, with participation from KKR and 1011 Ventures

  • The funding brings Darktrace's valuation to $1.65 billion and will be used to fuel international expansion

  • The company, which now has over 7,000 networks using its technology, has seen strong growth in new and existing markets and plans to continue opening offices in high-demand regions, hiring more employees, and gathering customer feedback to better serve its base.

      • ProblemTechnology

      "Cybersecurity threats are becoming increasingly sophisticated, making it difficult for traditional security solutions to detect and prevent attacks. Companies need a way to proactively identify and stop threats as they arise."

      Solution

      "Darktrace's machine learning-powered technology sits on a company's network and uses AI to identify and stop malicious behavior, giving administrators a powerful weapon against threats. "

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