Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cybersecurity Funding

Darktrace Raises $18 Million to Expand Threat Detection Business

UK-based Darktrace, a cyber security startup that leverages machine learning and mathematics to detect threats, announced this week that it has raised $18 million in funding.

UK-based Darktrace, a cyber security startup that leverages machine learning and mathematics to detect threats, announced this week that it has raised $18 million in funding.

Founded in 2013 by senior members of the UK’ GCHQ and other intelligence agencies, DarkTrace is headquartered in Cambridge, UK with offices in London, Milan, New York, Paris, San Francisco, Singapore and Washington D.C.

The funding came from investors including Invoke Capital, Talis Capital, Hoxton Ventures and private individuals, with the latest funding round valuing the company at $80 million.

Darktrace LogoThe company said that its “Enterprise Immune System” technology detects previously unknown threats using machine learning and mathematics developed at the University of Cambridge.

In more detail, the company explains on its website that the Darktrace platform “models patterns of life for each user and machine” to detect normal and abnormal behaviors as they emerge, without already knowing what it is looking for, and calculate the probability of threat based on the detection of behavioral anomalies.

In addition to the funding, the company announced that it has opened an Asia Pacific office in Singapore. Sanjay Aurora, who has more than 25 years’ experience leading enterprise software firms, will oversee the expansion process in the Asia Pacific region, Darktrace said.

Aurora is joined by John Muser, formerly of IBM Security, heading up Australia and New Zealand, and Stanley Hsu, formerly of McAfee.

“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 theMiddle East,” said Darktrace CEO Nicole Eagan. “Our headcount has tripled over the past year and expansion into Asia is a natural next step.”

Advertisement. Scroll to continue reading.

British telecommunications services giant BT announced this month that it was integrating Darktrace’s platform, which will be added to BT’s security portfolio and be available as both part of an integrated cyber security offering or as a point solution within BT’s Assure portfolio of managed security services.

BT also said that it would integrate Darktrace into its own enterprise security defenses to protect internal assets.

Written By

For more than 10 years, Mike Lennon has been closely monitoring the threat landscape and analyzing trends in the National Security and enterprise cybersecurity space. In his role at SecurityWeek, he oversees the editorial direction of the publication and is the Director of several leading security industry conferences around the world.

Click to comment

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

SecurityWeek’s Threat Detection and Incident Response Summit brings together security practitioners from around the world to share war stories on breaches, APT attacks and threat intelligence.

Register

Securityweek’s CISO Forum will address issues and challenges that are top of mind for today’s security leaders and what the future looks like as chief defenders of the enterprise.

Register

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

CISO Strategy

SecurityWeek spoke with more than 300 cybersecurity experts to see what is bubbling beneath the surface, and examine how those evolving threats will present...

Management & Strategy

SecurityWeek examines how a layoff-induced influx of experienced professionals into the job seeker market is affecting or might affect, the skills gap and recruitment...

Funding/M&A

Forty cybersecurity-related M&A deals were announced in January 2023.

Funding/M&A

Thirty-five cybersecurity-related M&A deals were announced in February 2023

CISO Conversations

In this issue of CISO Conversations we talk to two CISOs about solving the CISO/CIO conflict by combining the roles under one person.

Funding/M&A

Seventeen cybersecurity-related M&A deals were announced in the first half of February 2023.