Darktrace receives Series E funding

Darktrace, the world’s leading AI company for cyber defense, has today announced that it has raised $50 million in Series E funding at a valuation of $1.65 billion. The investment is led by Vitruvian Partners with participation from existing investors KKR and 1011 Ventures.

Darktrace continues to define the cyber defense market, with the world’s first autonomous response technology. Darktrace Antigena responds within 2 seconds to the earliest signs of threat and its adoption has increased by 30% in the last quarter. New capabilities include autonomous response for cloud, as well as protection against sophisticated email attack campaigns with the recently launched Antigena v2. Since its last funding, Darktrace has more than doubled its number of deployments and is now finding threats that other tools miss in over 7,000 networks.

The company’s rapidly growing roster of customers includes eight major international airports including London Gatwick Airport and Milan-Bergamo Orio Al Serio International Airport, the world-leading Science Museum Group, as well as a number of global financial institutions such as AIG, AEGON Sony Life Insurance and Ipreo.

Having ushered in a new era for cyber defense, Darktrace has grown its employee headcount by 60% in the last 12 months, now standing at over 750 employees worldwide. Seeking to meet the global demand for its technology, the company has accelerated its global operations, opening eight new offices in the last year including locations in Los Angeles, Mexico City and São Paulo as well as tripling the size of its Asian headquarters in Singapore. This latest round of funding will drive further international expansion and development.

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.

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