What is Darktrace?
Founded in 2013 and headquartered in Cambridge, United Kingdom, Darktrace operates at the forefront of artificial intelligence, specializing in cyber defense. The company offers intelligence-led behavioral cyber defense solutions, including Antigena, Cloud, Network, and Enterprise Immune Systems, designed to combat sophisticated cyber-attack vectors. Darktrace serves a global clientele, providing robust security frameworks that adapt to evolving threats. Its AI-powered approach aims to detect and neutralize cyber threats autonomously, offering a unique advantage in the rapidly expanding cybersecurity market.
How much funding has Darktrace raised?
Darktrace has raised a total of $459.5M across 6 funding rounds:
Series A
$18M
Series B
$22.5M
Series C
$64M
Series D
$75M
Series E
$50M
Share Placement
$230M
Series A (2015): $18M with participation from Hoxton Ventures, Invoke Capital, and Talis Capital
Series B (2015): $22.5M led by Summit Partners
Series C (2016): $64M supported by Summit Partners, SoftBank Corp, Invoke Capital, TenEleven Ventures, and KKR
Series D (2017): $75M featuring Summit Partners, TenEleven Ventures, KKR & Co. L.P, and Insight Venture Partners
Series E (2018): $50M backed by KKR, 1011 Ventures, and Vitruvian Partners
Share Placement (2021): $230M, investors not publicly disclosed
Key Investors in Darktrace
Summit Partners
Summit Partners is an equity investment company founded in 1984, focused on investing in entrepreneurial companies. They are headquartered out of Boston, Massachusetts, and have a history of backing growth-stage businesses.
TenEleven Ventures
Ten Eleven Ventures is a global venture capital firm specializing in cybersecurity companies. They provide capital and strategic support to foster innovation in the security sector, aiming to empower founders of essential cybersecurity technologies.
KKR & Co. L.P
KKR is a global investment firm with a broad reach across private markets. Their mission is to fortify companies and communities, focusing on shared success and long-term value creation for their clients and portfolio companies.
What's next for Darktrace?
The substantial enterprise-level funding and recent strategic investment signal a pivotal phase for Darktrace. This capital injection is poised to accelerate the company's research and development in AI-powered cybersecurity, expand its global market reach, and enhance its product offerings. With a focus on scaling its operations and fortifying its position against emerging cyber threats, Darktrace is strategically positioned for continued innovation and market leadership. The company's trajectory suggests a strong emphasis on further developing its autonomous cyber defense capabilities and broadening its enterprise client base worldwide.
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