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Cybersecurity Startup Darktrace Raises $50M In Series E Funding

by cnbc.com posted 2months ago 32 views
Darktrace, founded in 2013, uses artificial intelligence and machine-learning technology to detect and counter cyber threats. : British cybersecurity start-up Darktrace has raised $50 million in a funding round that values the firm at $1.65 billion. The investment, announced on Thursday, was led by European private equity firm Vitruvian Partners and includes backing from existing investors KKR and TenEleven Ventures. Cambridge-headquartered Darktrace, founded in 2013, uses artificial intelligence (AI) and machine-learning technology to detect and counter cyber threats. The investment is a Series E round, which is the fifth major funding round of a venture.

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