Darktrace, the leader in Enterprise Immune System technology, has raised an $18m funding round led by Talis Capital, with participation from Invoke Capital and Hoxton Ventures.
Based on advanced machine learning and mathematics developed at the University of Cambridge, and with customers including BT, Virgin Trains and Drax, Darktrace is rapidly shifting the way cyber security is approached as the market transitions to a new model based on early-stage detection of cyber threats that bypass traditional controls.
The company will continue its fast global growth and today announces its expansion into Asia Pacific. “Darktrace is growing at a phenomenal rate. It has been barely a year since we deployed to our first customer and now we have deployments at 75 companies and relationships with 50 partners across America, UK, continental Europe and the Middle East,” said Darktrace CEO Nicole Eagan. Our headcount has tripled over the past year and we are delighted to have secured the support of Talis Capital.”
VasileFoca, co-founder of Talis Capital, commented “Darktrace is at the forefront of mitigating one of the greatest challenges faced by the world's largest organisations; cyber security. We are excited to partner with a team that have developed a market-leading product and a track record of delivering enterprise software on a global scale.”
Talis Capital co-founder Matus Maar said "the traction already achieved is a credit to the exceptional team behind Darktrace. We are looking forward to working alongside them as they execute an ambitious international expansion plan."
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About Talis Capital
Talis Capital is a multi-family office based in London, specialising exclusively in direct Private Equity and Venture Capital deals and have completed over $300m of transactions since 2009. David Mkhitarian of Hill Dickinson LLP advised on the transaction.
Darktrace is one of the world’s fastest-growing cyber threat defense companies and the leader in Enterprise Immune System technology. Darktrace detects previously unknown threats in real time using advanced machine learning and mathematics developed at the University of Cambridge to analyze the behavior of every device, user and network within an organization. Some of the world’s largest corporations rely on Darktrace’s self-learning appliance in sectors including energy and utilities, financial services, telecommunications, healthcare, manufacturing, retail and transportation. The company was founded in 2013 by leading machine learning specialists and government intelligence experts, and is headquartered in Cambridge, UK, with offices in London, Milan, New York, Paris, San Francisco, Singapore and Washington D.C.