Darktrace, a company that provides AI-enabled threat detection services, said on Wednesday that it has gotten a $50 million investment in its Series E funding round. Founded in 2013 by mathematicians at the University of Cambridge, Darktrace offers a suite of products that use artificial and machine learning to protect customers’ networks from cyberthreats. Founders also include intelligence experts who came from the CIA and NSA, as well as British intelligence outfits MI5 and GCHQ. Although only in business for five years, Darktrace has earned a reputation as a big player in cyberdefense, with detection and response solutions that cover enterprise and industrial networks, cloud environments and software-as-a-service apps. The funding round was led by Vitruvian Partners with participation from existing investors KKR and 1011 Ventures. “Darktrace has built a unique combination of world-class AI capabilities, deep cyber domain expertise, and a highly effective business model. This has rapidly created […]
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