Darktrace Raises $50M in Series Unknown

Darktrace has successfully raised $50M in a Series Unknown at a $4.3B valuation led by KKR, Summit Partners, Vitruvian Partners, Insight Partners, TenEleven Ventures.

Company Overview

Darktrace is a Cybersecurity company headquartered in Maurice House, Cambridge CB1 2NP, United Kingdom, founded in 2013 with 2000+ employees.

AI cybersecurity platform

Fundraising Details

Amount Raised: $50M
Round Type: Series Unknown
Valuation: $4.3B
Date: 2024-07-23
Investors: KKR, Summit Partners, Vitruvian Partners, Insight Partners, TenEleven Ventures

About Darktrace

AI cybersecurity platform The company is positioned in the Cybersecurity sector, serving a growing market with innovative solutions.

Key Information

Headquarters: Maurice House, Cambridge CB1 2NP, United Kingdom
Founded: 2013
Team Size: 2000+
Industry: Cybersecurity

What This Means

This funding round demonstrates strong investor confidence in Darktrace's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Cybersecurity sector continues to attract significant investment as companies innovate to meet evolving market demands. Darktrace's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $4.3B valuation marks an important milestone for Darktrace, positioning the company among notable players in the Cybersecurity industry.

Looking Ahead

With this new capital, Darktrace is well-positioned to execute on its growth strategy and continue building innovative solutions in the Cybersecurity space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-07-23. For more information about Darktrace, visit their headquarters at Maurice House, Cambridge CB1 2NP, United Kingdom.