#UK Darktrace reports phenomenal surge in business

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darktrace, cyber security, cambridge

A fresh surge of global business in the last quarter of 2016 took Cambridge cyber security business Darktrace to unprecedented trading heights.

The UK company said it had a “phenomenal” three months which has taken the value of contracts secured to date to more than $125 million. Its Enterprise Immune System technology, which detects and repels cyber attacks, has now been deployed over 2,000 times.

Now deployed in 60 countries, Darktrace has expanded into new territories including Bermuda, Luxembourg, Malaysia, Morocco and Portugal, adding to strong traction across the US, Canada, Europe and APAC. 

Customers include Blackhawk Network, BT, KEEN, Rakuten Securities Inc., the Church of England, Birmingham International Airport, Drax, Phoon Huat, Saniflo and Parchment.

Darktrace says its revenue is increasing by 600 per cent year on year and customer renewals at over 90 per cent. With over 360 employees across 23 global locations, the company has more than doubled in size over the last year.

The Enterprise Immune System is powered by unsupervised machine learning and mathematics developed by specialists from the University of Cambridge. By learning the ‘pattern of life’ for each user, device and network, the system automatically detects anomalous changes in behaviour and emerging threats. This self-learning technology has allowed Darktrace to discover over 27,000 serious cyber incidents, which went unnoticed by legacy security tools.

CEO Nicole Eagan (pictured) said: “Our outstanding growth this quarter reflects the huge demand for Darktrace’s self-learning solution, which is the only technology capable of catching in-progress attacks without prior warning or special insights. 

“Organisations of all sizes across the world are deploying the Enterprise Immune System to defend against not just today’s cyber-threats, but tomorrow’s, too.”

from Business Weekly http://ift.tt/2iJYrEM

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