Darktrace raises £12 million in new funding for global expansion

News by Doug Drinkwater

UK cyber-security company Darktrace has raised £12.27 million (US $18 million) from investors including Invoke Capital, Talis Capital, Hoxton Ventures and private individuals, now valuing the company at £54.5 million(US $80 million).

The funding is being used to extend the company's reach in the Asia Pacific region, particularly Australia, New Zealand and South East Asia.

The company, whose Enterprise Immune System technology is designed to protect companies from advanced cyber-threats within their networks, has opened up operations in the Asia Pacific, with this area to be headed up by Sanjay Aurora. John Muser, formerly of IBM Security, who heads up Australia and New Zealand while former McAfee exec Stanley Hsu will lead emerging markets in South East Asia.

“Darktrace is growing at a phenomenal rate. It has been barely a year since we deployed to our first customer and now we have deployments at 75 companies and relationships with 50 partners across America, UK, continental Europe and the Middle East,” said Darktrace CEO Nicole Eagan. “Our headcount has tripled over the past year and expansion into Asia is a natural next step.”

Darktrace has customers including BT, Virgin Trains and Drax and is shortlisted for the 'best newcomer security company of the year' at the upcoming SC Europe Awards 2015.

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