Darktrace Total Contract Value Hits $400 Million

Darktrace has today announced ending its financial year on an all-time high, securing contracts with a total value of over $400 million.

Five years since its founding, Darktrace is valued at $1.25 billion and is one of the fastest growing private companies in the world, with revenues increasing 100% year-on-year. Over 700 employees are fueling Darktrace’s rapid expansion, ramping up its operations in large markets such as the U.S. and Europe. Momentum is also gaining in regions including Japan, Australia, and Latin America, where there is strong demand for the company’s cyber AI.

Darktrace now defends 7,000 networks, and deployments of Darktrace Antigena – the company’s autonomous response solution – have increased by 30% in the last quarter. This AI response capability defends networks 24/7, blocking seven high-severity threats per minute, and saving ten hours a week per security analyst on average. Recent major ransomware attacks have accelerated the adoption of Darktrace Antigena to buy back crucial time for humans to respond.

Recent customer wins include global memory and semiconductor technology company, Micron; US food manufacturer, King Hawaiian; the Hong Kong University of Science and Technology, and London Gatwick Airport. Partners include Siemens, AIG, BT, NESIC and Telstra.

Darktrace is the world’s leading AI company for cyber defense. Created by mathematicians, the Enterprise Immune System uses machine learning and AI algorithms to detect and respond to cyber-threats across diverse digital environments, including cloud and virtualized networks, IoT and industrial control systems. The technology is self-learning and requires no set-up, identifying threats in real time, including zero-days, insiders and stealthy, silent attackers. Darktrace is headquartered in San Francisco and Cambridge, UK, and has over 30 offices worldwide.

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