Darktrace Share Price Jumps

Uploaded on 2021-05-02 in NEWS-Cybersecurity News, FREE TO VIEW, BUSINESS-Services-IT & Telecoms, BUSINESS-Services-Financial

Darktrace shares rose by over 40% after the public offering raised over £165 million. This is a considerable improvement on earlier valuation which had not worked a month ago. The initial valuation was a billion pound below its target but now Darktrace has a valuation of around £2.2 billion.

This new valuation is aimed at placing Darktrace separate from Mike Lynch its founding investor who is charged with fraud relating to Hewlett-Packard’s deal for buying Autonomy the software business Lynch co-created in 2011. A number of Darktrace’s executives have ties to Autonomy, including Chief Executive Officer Poppy Gustafsson.

Gustafsson and her team are an exceptional example of a female-led technology company going public in London.

Also in senior management are Chief Financial Officer Cathy Graham, Nicole Eagan, chief strategy officer and former co-CEO, and Chief Marketing Officer Emily Orton. PensionBee CEO Romina Savova took the pension-management platform public in London recently.

Darktrace uses AI to identify interlopers into a business systems and networks and it create digital security products to keep businesses one step ahead of hackers and viruses.

Darktrace was founded in 2013 by mathematicians from the University of Cambridge, artificial intelligence experts and cybersecurity specialists from GCHQ.

Bloomberg: CNBC: Guardian: Financial Times:

You Might Also Read:

Twenty Cyber Security Startups To Watch:

« Is Ethical Hacking A Business Necessity In 2021?

Facebook And Apple Clash »

CyberSecurity Jobsite

Check Point

Real Attacks. Real Tools. Real Scenarios.
Schedule a demo

Sign Up: Cyber Security Intelligence Newsletter

Directory of Suppliers

Alvacomm

Alvacomm offers holistic VIP cybersecurity services, providing comprehensive protection against cyber threats. Our solutions include risk assessment, threat detection, incident response.

TÜV SÜD Academy UK

TÜV SÜD offers expert-led cybersecurity training to help organisations safeguard their operations and data.

LockLizard

Locklizard provides PDF DRM software that protects PDF documents from unauthorized access and misuse. Share and sell documents securely - prevent document leakage, sharing and piracy.

Resecurity

Resecurity is a cybersecurity company that delivers a unified platform for endpoint protection, risk management, and cyber threat intelligence.

ZenGRC

ZenGRC (formerly Reciprocity) is a leader in the GRC SaaS landscape, offering robust and intuitive products designed to make compliance straightforward and efficient.

DigiCert

DigiCert is the only provider of enterprise-grade SSL, IoT and PKI solutions. Our certificates are trusted everywhere, millions of times every day, by companies across the globe.

Internet Security Alliance (ISA)

ISA is an international trade association providing thought leadership in advancing a sustainable system of cyber security.

MIRACL

MIRACL provides the world’s only single step Multi-Factor Authentication (MFA) which can replace passwords on 100% of mobiles, desktops or even Smart TVs.

SCIS Security

SCIS Security provides affordable cyber security services and solutions to small to medium sized businesses and homes.

SafeLogic

SafeLogic provides strong encryption products for solutions in mobile, server, Cloud, appliance, wearable, and IoT environments that are pursuing compliance to strict regulatory requirements.

National Centre for Cyber Security (NCCS) - Pakistan

National Centre for Cyber Security (NCCS) undertakes cyber security research and plays a leading role in securing Pakistan’s Cyberspace.

Police Digital Security Centre (PDSC)

PDSC is a not-for-profit organisation, owned by the police, that works across the UK in partnership with industry, government, academia and law enforcement.

Fortiphyd Logic

Fortiphyd Logic equips operators of the power grid, oil & gas, and other critical infrastructure with the tools and training they need to defend their industrial networks from advanced cyberattacks.

VIRTIS

VIRTIS' mission is to provide today's leading organizations peace of mind that their entire digital network perimeter is safe from hackers and data breach.

Buchbinder Information Technology Solutions

Buchbinder Tunick & Company is a premier CPA and advisory firm offering a broad range of assurance, tax, business consulting and IT consulting services.

Swiss It Security Group

Swiss It Security Group offers clients complete IT security concepts based on innovative solutions and technology, with a focus on protection, detection and defence.

Naq Cyber

Naq is the number one platform for SMEs looking to become legally compliant and protect against cybercrime and other data-related incidents.

Smoothstack

Smoothstack is a technology talent incubator whose immersive training program kick starts IT careers and delivers a fresh source of IT talent.

Rootshell Security

Rootshell Security is transforming vulnerability management with its vendor-agnostic Prism Platform and industry-leading offensive security assessments.

StealthPath

StealthPath is focused on endpoint protection, securing the “implicit trust” vulnerabilities of current leading information security solutions.

CyberXpert

CyberXpert is your cybersecurity partner for the public and private sector in Belgium.