Darktrace develops AI-based cybersecurity and threat detection solutions designed to protect enterprises from insider threats, ransomware, cloud attacks, and advanced persistent threats (APTs). Its platform analyzes network, device, cloud, and email activity in real time to identify behavioral anomalies.
Using machine learning, Darktrace autonomously investigates threats and provides rapid response tools that enhance security operations. The company’s products are widely used across sectors including finance, healthcare, defense, and manufacturing.
With a strong technology foundation and global deployments, Darktrace established itself as a pioneer in autonomous cyber defense.
What Is Darktrace and What Does It Do?
Darktrace, founded in 2013 in Cambridge (United Kingdom) by John Richardson, Dave Palmer, and Nicole Eagan, is an AI-driven cybersecurity company offering real-time threat analytics and autonomous response solutions.
Darktrace employs 837 people as of December 2023. The company’s platform provides insider threat detection, vulnerability assessment, IoT monitoring, cloud threat protection, and AI-powered threat investigation. Its solutions help enterprises detect, interrupt, and analyze emerging cyber threats across networks, devices, and cloud services.
How Much Funding Has Darktrace Raised?
1. Series E
- Amount Raised: $100K
- Motivation: To support continued product development and operational scaling as Darktrace expanded globally.
- Post-Money Valuation: $1.6B
2. Series E
- Amount Raised: $55.9M
- Lead Investors: Vitruvian Partners, Ten Eleven Ventures, KKR
- Motivation: To expand cybersecurity solutions and strengthen enterprise adoption.
3. Series D
- Amount Raised: $75M
- Lead Investors: Insight Partners, Summit Partners, KKR, Ten Eleven Ventures
- Motivation: To accelerate global commercialization and AI research initiatives.
Total Funding Raised: $239M
Current Valuation: $1.6B (as of Jul 2019)
Latest Funding Date: July, 2019
Key Investors
1. KKR
- Details: A global investment firm with a strong presence in technology and cybersecurity investments.
- Investment Focus Areas: Cybersecurity, enterprise software, analytics, infrastructure.
- Notable Investments: Darktrace, Optiv, Cylance, ForgeRock, BMC Software.
2. Insight Partners
- Details: A leading global private equity and venture capital firm investing in high-growth technology companies.
- Investment Focus Areas: SaaS, cybersecurity, DevOps, enterprise software.
- Notable Investments: Darktrace, SentinelOne, Wiz, Qualtrics, Monday.com.
3. Ten Eleven Ventures
- Details: A venture firm specializing specifically in cybersecurity and digital risk solutions.
- Investment Focus Areas: Cyber defense, threat intelligence, cloud security.
- Notable Investments: Darktrace, Axis Security, Verodin, Cylance, Twistlock.
4. Summit Partners
- Details: A global growth equity firm backing technology, healthcare, and financial services companies.
- Investment Focus Areas: Enterprise software, security, fintech, communications.
- Notable Investments: Darktrace, Avast, Infor, McAfee (indirect ecosystem).
Where Is Darktrace’s Headquarters?
Darktrace is headquartered in Cambridge, United Kingdom, a major hub for artificial intelligence research and cybersecurity innovation. The region’s strong academic ecosystem and access to global tech talent support Darktrace’s continued development of advanced cyber defense technologies.
What’s Next for Darktrace?
Following its acquisition, Darktrace is expected to expand its autonomous cybersecurity technology, integrating deeper AI-driven threat prediction, SOC automation tools, and broader cloud protection capabilities. The company aims to strengthen its enterprise offerings with enhanced behavioral analytics and large-scale, real-time threat response. With growing global demand for AI-enhanced security, Darktrace is positioned to remain a core player in next-generation cyber defense.
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