Darktrace intercepts $64M in fresh funding at a valuation of over $400M
Darktrace, the U.K. cybersecurity 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 the new investment gives the 2013-founded company a valuation of more than $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 cyberattacks 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 behalf of the good and bad folks, respectively.
