Darktrace: against COVID-19 Company

Entity: Darktrace

Category: Others (Cybersecurity)

Description: Darktrace is an Artificial Intelligence company for cyber security. Created by mathematicians, the Enterprise Immune System uses machine learning and AI algorithms to detect and respond to cyber-threats across diverse digital environments, including cloud and virtualized networks, IoT and industrial control systems. The technology is self-learning and requires no set-up, identifying threats in real time and updating its understanding as the environment changes.

By applying its unique machine learning, Darktrace has identified 63,500 previously unknown threats in over 5,000 networks, including zero-days, insider threats, and subtle, stealthy attacks. With 620 employees in 32 offices and dual headquarters in San Francisco and Cambridge UK, Darktrace was named 'Most Innovative Security Company of the Year 2017,' 'Bloomberg Innovator,'​ and 'GSN Homeland Security'​ award winner. The company's valuation is $825 million and its investors include Invoke Capital, Talis Capital, Hoxton Ventures, Summit Partners, KKR, Softbank, TenEleven, Samsung Ventures, and Insight Venture Partners.

Project: AI Software Free of Charge to NHS

Summary: Leading CyberSecurity firm Darktrace has announced that it will be offering its cyber AI software to the NHS for free to help defend their IT systems from cyber-attack during the ongoing Covid-19 pandemic. The company makes the announcement amidst a rise in opportunistic hackers, who aim to exploit the chaos caused by the pandemic to compromise critical systems. “This announcement from Darktrace is very welcome, as it is crucial that the NHS’s digital systems remain resilient to cyber-attacks during this period,” commented Craig York, Chief Technology Officer, Milton Keynes University Hospital NHS Foundation Trust. “At Milton Keynes University Hospital, Darktrace’s AI is fundamental in helping us defend our network against cyber-attacks, because it autonomously responds to security incidents before they do damage.” “We have seen a surge in cyber-attacks sweeping across organisations since the outbreak began. We know that the NHS cannot afford any disruption as they are on the front-line of the fight against the virus,” commented Poppy Gustafsson, CEO, Darktrace. “Given the current crisis, Darktrace is proud to offer its world-leading AI cyber security technology to NHS trusts free of charge to help protect patient data and the provision of critical services.”

+ Investors:

Invoke Capital
Talis Capital
Summit Partners
Kohlberg Kravis Roberts (KKR)
Softbank
TenEleven Ventures
Samsung Ventures
Insight Venture Partners


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Technology: Others
Headquarters: United Kingdom
Investment Stage: N/A
Number Of Exists: N/A
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