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Threads, Darktrace, Censornet & iwoca make the top 100 list


We're delighted to reveal that 4 companies from the Talis Capital portfolio feature in this year's league table. The report, entitled Top 100: Britain's Fastest-Growing Businesses identified Threads, Darktrace, CensorNet, and iwoca amongst the companies that have increased in value the most since 2015. Congratulations to them all!

Download a free copy of the
full report here.

Portfolio Update - 14.06.2018

Darktrace have become Cambridge's youngest surviving Unicorn after achieving a $1.25bn valuation only five years after launch, and were recently named as one of the top global startups on CNBC'S Disruptor 50 list alongside Uber and Airbnb.


Luminance were interviewed by the BBC as a legal AI market leader after securing over 80 customers, including ten of The Global 100 law firms, and continue to perform well after winning "Startup Tech Company of the Year" at the National Technology Awards.


Onfido's COO was ranked 4th in Business Insider's "UK FinTech 35 under 35" after overseeing Onfido's growth from inception to an ID Verification market leader with over 1,500 clients and $60m raised from world-class investors including Salesforce and Microsoft Ventures.


Homelyfe have joined Startups 100, a list highlighting the top 100 UK startups launched in the last three years, for their impressive platform which allows customers to find and buy home insurance in 85 seconds.


Portfolio Update - 28.03.2018

Darktrace have detected mass clandestine cryptomining operations, with up to 55% of all global organisations estimated to be affected, after uncovering a hidden cryptomining side business operating under the floorboards of a European bank's data center.


Onfido represented London in an interview with the World Economic Forum where they defended London as the fintech capital of the world due to its strong spirit of collaboration between regulators and start-ups, rich tech talent pool, and extensive network opportunities.


CensorNet have launched their new USS solution, combining patented smart user authentication with sophisticated threat protection, after being named in Gartner's first ever Magic Quadrant for Cloud Application Service Brokers.


Portfolio Update - 21.02.2018

Pirate Studios hosted Kerrang!’s Band Practice series at their London Studios in Earlsfield to promote one of the UK’s leading independent artists – Dead! The collaboration has already hit over 26,000 views on Pirate’s Facebook page, and has been shared to Kerrang!’s 920,000 weekly listeners.

They have also just launched their Pirate Prodigy Programme to support their 20,000 musician community by giving three bands the opportunity to partner with leading music publishers and radio executives including the BBC, Radio X and Sound City. Winning bands will also benefit from unlimited free use of Pirate’s rehearsal facilities, extensive promotion across social media, and one-to-one mentoring from industry professionals. 

Darktrace have been recognised in Fast Company’s “2018 World’s Most Innovative Companies” list alongside leading technology enterprises including Apple, Amazon and Spotify. This joins their long list of over 75 awards as they continue to expand across multiple sectors with clients including Drax, the UK's largest power supplier, and accounting giant Grant Thornton.

Luminance have expanded to Singapore after securing three of its Big Four law firms, and continue to gain traction after signing with Bird & Bird, a leading global law firm with over 1,200 lawyers. This marks an impressive achievement for Luminance who have now cemented their presence in APAC and completed over 200 global live transactions since their launch earlier in November 2016.

Homelyfe have launched their new Home & Contents insurance offering to simplify the home insurance process by only asking customers four simple questions compared to the current system where only 4% of buyers are able to accurately answer the typical dozens of required questions in one sitting.

Portfolio Update - 12.01.2018

Darktrace have partnered with AIG to identify client vulnerabilities for their cyberinsurance analysis, and have been named on CB Insights' 2018 "AI 100" list as one of the top 100 global AI firm. 


Luminance have leveraged their multi-lingual platform to secure a contract with Araoz & Rueda, a leading Spanish law firm operating in more than 30 countries, and are on track to repeat their strong 2017 performance as they expand throughout America.


Onfido had an impressive performance in 2017 including raising a $30m Series C round co-led by Microsoft Ventures, showcasing their ID verification solution to 10,000 attendees at Salesforce's annual conference, and achieving 550% US sales growth.

Portfolio Update - 08.12.2017

Second Home have had a successful launch at Holland Park and have secured an impressive pipeline including a London Fields site due to open in 2018 alongside a 90,000 sq ft Hollywood site planned for 2019. 


CensorNet have been recognised as a market-leading Cybersecurity firm after being highlighted as the sole European HQ firm in Gartner's 2017 Magic Quadrant for Cloud Application Security Brokers.


Darktrace have had an outstanding performance during 2017 and have now secured over 3,750 clients including two of the four largest telecommunications companies in America.

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Portfolio Update - 13.09.2017

A number of our portfolio companies recently appeared on the Sunday Times Hiscox Tech Track 100, a reputable league table ranking the top 100 fastest growing UK technology firms by their sales growth over the last three years. Please see below a quick snapshot of their impressive performance:

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Darktrace, a market-leading cybersecurity firm which successfully defended against the WannaCry ransom attack, has been recognised as the 3rd fastest growing technology firm in the UK after achieving c. 268% annual sales growth over the last three years.


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Established in 2012, iwoca is a leading FinTech firm which provides flexible credit facilities to small businesses across Europe. With over 10k small business clients since inception, iwocacontinue to grow rapidly and have been named the UK’s 21st fastest growing technology firm with c. 129% annual sales growth over the last three years.


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Threads Styling uses social media to connect buyers with the latest luxury clothes and fashion accessories. Following strong demand from the Middle East, Threads have been named the UK’s 32nd fastest growing technology firm with c. 102% annual sales growth over the last three years.


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Onfido, a start-up specialising in automated global background checks, has been identified as a potential future market leader and is anticipating to achieve c. 300% sales growth during 2017.

Portfolio Update - 11.08.2017

Narrativ, formerly BAMx, have launched out of stealth mode and won “Best Native/Content Advertising Platform” at the Digiday Signal Awards following their case study with Dermstore, America’s 2nd largest beauty e-commerce retailer, who saw their ROI increase 67% YoY and their revenue grow 685% after implementing Narrativ’s market leading technology.

Darktrace have signed $200m+ of contracts to date and recently appeared on Sky News to discuss the ongoing ransom of HBO’s sensitive data by criminal hackers.

Portfolio Update - 11.07.2017

Darktrace have raised a $75m Series D round led by Insight Venture Partners and are now valued at $825m, a 100%+ uplift to their earlier Series C round which took place in July 2016.

Talis led the $3m seed round of Cyber Observer, a cybersecurity orchestration start-up which provides CISOs with a comprehensive overview of their enterprise’s cybersecurity health and the efficiency of their existing software providers.

Cybersecurity Startup Darktrace Worth $825 Million After New Funding

Darktrace, a hot cybersecurity startup that touts using artificial intelligence to identify and block digital attacks, was privately valued at $825 million after raising a new round of funding worth $75 million.

Darktrace uses machine learning technology and analyzes patterns of network traffic to track threats lurking on corporate networks. The company was founded by University of Cambridge mathematicians and British intelligence agency alumni.

The latest round is Darktrace's fourth, or "series D," and is led by Insight Venture Partners, a New York-based venture capital firm that has also invested in cybersecurity startups such as Cylance and Tenable Network Security. Existing backers that also participated in the round include Summit Partners, KKR, and TenEleven Ventures.

Darktrace has raised a total of $180.5 million to date.

Among Darktrace's investors is Invoke Capital, the U.K.-based venture capital fund created by tech veteran Mike Lynch, who sold the business software firm Autonomy to HP for $11 billion in 2011. HP later marked down the price of its acquisition by $8.8 billion, and Lynch and HP have been embroiled in heated legal battles ever since.

Although Darktrace would not disclose its revenues, the company said the value of its customer contracts has reached $200 million, increasing 140% between July 1, 2016 and June 30, 2017. A big chunk of that growth is attributable to Darktrace's expansion within the United States where, the company says, sales tripled in the past year.

"We saw sales for autonomous response"—a feature that takes automatic action to slow or stop the spread of digital attacks—"take off since WannaCry and NotPetya," said Nicole Eagan, Darktrace cofounder and CEO, on a call with Fortune, referring to two destructive ransomware attacks that have recently infected business networks worldwide. The automatic response feature, which Eagan referenced and which Darktrace debuted earlier this year, is called "Antigena."

"Orders started coming in quite rapidly when those attacks happened," Eagan said.

Darktrace has 1,000 customers for its cybersecurity product, called Enterprise Immune System, with a quarter of them in financial services, about 15% in telecom and technology, and 12% in industrial systems. The rest are in sectors such as retail, travel, and government. Competitors include Vectra Networks, Palo Alto Networks' Light Cyber, and Deep Instinct as well as Hewlett Packard Enterprise's ArcSight and RSA's Security Analytics.

Darktrace is one among many cybersecurity startups now vying, alongside more established tech companies, to protect businesses from an onslaught of escalating computer threats. In order to succeed, the company must stay a step ahead of attackers and continue to gain adoption while displacing incumbents.

Cybercrime cost the global economy an estimated $450 billion in 2016, as Fortune noted in its July cover story on hacking.

Darktrace's headcount has doubled to 500 people in the past year. Eagan said she planned to put the new round of funding primarily toward hiring sales and marketing staff to continue the company's growth in the Americas and Asia.

Given the uptick in global cyber attacks—WannaCry and NotPetya among them—one can expect the threats to keep on coming.


Original Source: 

Portfolio Update - 29.06.2017

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Darktrace have been highlighted for their role in helping to protect the UK following the recent barrage of global cyber-attacks.

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Second Home’s upcoming London Fields site, planned to launch in November, has been designed to provide a family-friendly environment for full-time working parents with on-site childcare facilities including a staffed crèche, and cultural programmes to encourage parent-child activities.



Portfolio Update - 22.06.2017

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Darktrace have been named as the sole cybersecurity firm in Wall Street Journal’s “Top 25 Companies To Watch” list for 2017. They also continue to expand into new verticals and have begun to provide cybersecurity M&A due diligence after signing with MACOM, a global semiconductor enterprise with a market capitalisation of c. $3.6bn.

Luminance’s market-leading technology has been recognised by CognitionX, a prestigious awards ceremony highlighting the most innovative firms utilising Artificial Intelligence with fellow award winners including Tesla and Google Deepmind.

Portfolio Update - 19.05.2017

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Darktrace successfully fought off WannaCry’s global ransomware attack which is estimated to have infected over 200,000 systems worldwide.

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Talis co-led the $3m seed fundraising round of AKUA, an Internet-of-Things tracking solution for cargo owners with numerous global clients including the US Government.

Portfolio Update - 12.05.2017

Darktrace are now approaching a Unicorn valuation after striking a partnership with Siemens to protect the vulnerable critical infrastructure of utilities and energy enterprises.  After recently winning four Stevie Awards including “Fastest Growing Tech Company”, they have now been nominated by the Evening Standard for “Tech Start-up of the Year” as well.

eporta, a B2B trade marketplace, has grown to provide over 1,000 high quality supplier brands under the impressive leadership of their CEO & Founder Aneeqa Khan who led Zoopla’s £1bn IPO at the age of 27.

Luminance, a leading AI platform, has had explosive growth since its launch in September 2016 with 110 deployments and shows no signs of slowing down after partnering with Uría Menéndez, a major Iberian law firm.

Onfido, a global ID verification start-up operating in 195 countries, continues to assert its dominance with 400% Year-on-Year growth since 2012 and 1,500 clients including Deliveroo, Uber, and Tesco.

UK cyber security company Darktrace embarks on funding round to secure $400m valuation

UK cyber security company Darktrace has turned to Silicon Valley in a bid to secure funding which would see the company valued at $400m (£283.2m)

The company, which is headquartered in both Cambridge, UK, and San Francisco, USA, was founded in 2013 by mathematics and computer specialists from the University of Cambridge and intelligence experts from MI5 and GCHQ.

A Sentinel That Cuts Through Clutter

It could have taken months for the systems administrators at a large bank in Rome to figure out that one of their servers was talking to Facebook, a red flag given that networks in banks don't need to know how many "likes" they've received. And they might not have noticed the streams of data the server then sent to an array of unknown computers. This kind of threat—coming from inside the network, not from outside its firewall—is difficult to detect.

Darktrace Cyber 'Immune System' Fights Back

At the dawn of a new era where machines fight machines and sophisticated attackers are mobilized, Darktrace is the first company in the world to arm the defenders with proven machine learning and mathematics that work without any prior knowledge of attacks, rules or signatures. With Antigena, Darktrace now spots and inoculates against unknown threats, as they germinate within organizations in real time.

Talis Capital's 16 B2B tech companies to watch in 2016

In 2015, we continued mainly with our established B2B themes: business intelligence SAAS, cyber security and fintech. From 2016, we are adding B2B insurance tech and health tech focuses. Here are the ones we are excited about for 2016.