Billionaire Mike Lynch explains why he’s putting his money into a Cambridge cybersecurity startup …

Mike Lynch of Darktrace Matt LLoyd/Rex Features This week, a relatively young cybersecurity company called Darktrace announced that it has raised an additional $65 million (£50 million) at a suspected valuation of over $400 million (£308 million). That’s impressive in the current economic climate. No other UK tech startup has announced a funding round anywhere near that size since the UK voted for Brexit. We caught up with Mike Lynch — the billionaire founder of enterprise software firm Autonomy and Darktrace’s first big name investor — to find out why he decided to put his money into the company. “The reason I liked it was that it was a completely new approach,” said Lynch during a phone call with Business Insider on Wednesday. “Most of what’s out there in cybersecurity…


Link to Full Article: Billionaire Mike Lynch explains why he’s putting his money into a Cambridge cybersecurity startup …

Pin It on Pinterest

Share This

Join Our Newsletter

Sign up to our mailing list to receive the latest news and updates about homeAI.info and the Informed.AI Network of AI related websites which includes Events.AI, Neurons.AI, Awards.AI, and Vocation.AI

You have Successfully Subscribed!