AI Security Company Series D Round

July 10th, 2017 by admin Leave a reply »

Darktrace U.K.-based startup which has offices in San Francisco has recently raised $75 million in a Series D round of funding.

Nicole Eagan, CEO at Darktrace, mentioned that Insight Venture Partners’ participation in the investment “is another strong validation of the fundamental and differentiated technology that the Enterprise Immune System represents,” in a statement. “It marks another critical milestone for the company as we experience unprecedented growth in the U.S. market and are rapidly expanding across Latin America and Asia Pacific in particular, as organizations are increasingly turning to our AI approach to enhance their resilience to cyber-attackers.”

Company uses artificial intelligence to tackle security threats. The Enterprise Immune System uses the algorithm in real time to stop the attack. It tracks normal behaviour and security threats. It also detects insider threats and zero-day attacks.

“Unlike more common forms of malware, which rely on human-mediated methods such as phishing to co-opt people into triggering the payload, this type of attack uses a worm to move from machine to machine without human intervention,” Andrew Tsonchev, director of Cyber Analysis at Darktrace, wrote in a blog post. “Fortunately, it is precisely this – a dramatic change in internal activity – which has allowed us to effectively fight back.”

Company mentioned that its contract value has now reached $200 million. Bookings are also increased in the US. The headcount in last year is doubled to 500. It has 450 partners. Most important the software has detected over 48,000 serious threats.

“Unlike more common forms of malware, which rely on human-mediated methods such as phishing to co-opt people into triggering the payload, this type of attack uses a worm to move from machine to machine without human intervention,” Andrew Tsonchev, director of Cyber Analysis at Darktrace, wrote in a blog post. “Fortunately, it is precisely this – a dramatic change in internal activity – which has allowed us to effectively fight back.”

Another AI based security company Attivo Networks has also raised $15 million.

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