Darktrace Delivers Two Summer Sizzlers

July 17, 2017

Darktrace offers an enterprise immune system called Antigena. Based on the information gathered in the writing of the “Dark Web Notebook,” the system has a number of quite useful functions. The company’s remarkable technology can perform real time, in depth analyses of an insider’s online activities. Despite the summer downturn which sucks in many organizations, Darktrace has been active. First, the company secured an additional round of investment. This one is in the $75 million range. This brings the funding of the company to the neighborhood of $170 million, according to Crunchbase.

Details about the deal appear in this Outlook Series write up. I noted this statement:

The cyber security firm has raised a $75 million Series D financing round led by Insight Venture Partners, with participation from existing investors Summit Partners, KKR and TenEleven Ventures.

On another front, Darktrace has entered into a partnership with CITIC. This outfit plans to bring “next-generation cyber defense to businesses across Asia Pacific.” Not familiar with CITIC? You might want to refresh your memory bank. Beyond Search believes that this tie up may open the China market for Darktrace. If it does, Darktrace is likely to emerge as one of the top two or three cyber security firms in the world before the autumn leaves begin to fall.

Here in Harrod’s Creek we think about the promise of Darktrace against a background of erratic financial performance from Hewlett Packard. As you may recall, one of the spark plugs for Darktrace is Dr. Michael Lynch, the founder of Autonomy. HP bought Autonomy and found that its management culture was an antigen to its $11 billion investment. It is possible to search far and wide for an HP initiative which has delivered the type of financial lift that Darktrace has experienced.

Information about Darktrace is at www.darktrace.com. A profile about this company appears in the Dark Web Notebook in the company of IBM Analyst’s Notebook, Google/In-Q-Tel Recorded Future, and Palantir Technologies Gotham. You can get these profile at this link: https://gum.co/darkweb.

Stephen E Arnold, July 17, 2107

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