Cyber security startup Darktrace intercepts M in fresh funding at a valuation of over 0M

Darktrace, the U.K. cyber security startup whose backers include Autonomy founder Mike Lynch’s Invoke Capital, has closed $64 million in fresh funding.The new round was led by global investment firm KKR, with participation from existing investor Summit Partners, and new investors TenEleven Ventures and SoftBank. I understand that the new investment gives the 2013-founded company a valuation of over $400 million, while in a call Lynch told me the new backing was a typical growth round and will be used for further international expansion and for R&D. In particular, he said Darktrace is developing technology to help companies respond to not only human-written cyber attacks but also the pending threat of machine learning-based attacks that, in classic sci-fi comes true-fashion, will increasingly see AI battling it out with AI on…


Link to Full Article: Cyber security startup Darktrace intercepts M in fresh funding at a valuation of over 0M