9 years ago

Darktrace Secures $65 Million to Combat AI-Powered Cyberattacks

  • UK-based cybersecurity startup Darktrace has raised $65 million in a Series C funding round led by KKR, valuing the company at over $400 million

  • Existing investors Summit Partners and new investors TenEleven Ventures and SoftBank also participated in the round

  • The funding will be used for international expansion and R&D, specifically for developing technology to combat AI-powered cyberattacks

  • Darktrace's "Enterprise Immune System" uses machine learning to detect and respond to suspicious network activity, mimicking the human immune system to identify and neutralize threats

  • The company has experienced rapid growth, with over 1,000 customer deployments and revenue growth of over 600% in the past year.

      • ProblemTechnology

      "Companies are increasingly vulnerable to cyberattacks, and traditional security measures are often ineffective in detecting and responding to sophisticated attacks. Many companies are already compromised and don't even know it. "

      Solution

      "Darktrace provides an 'Enterprise Immune System' that uses machine learning to detect and respond to cyber threats in real-time. It's a self-learning system that can adapt to new threats and automatically take action to stop attacks. It's like having a digital immune system for your company."

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