Darktrace is expected to seek a valuation of around £3bn—modest, compared with Deliveroo’s of £7.6bn. Software is a better business than food delivery, too, and Darktrace has powerful connections. Founded in 2013 by cyber specialists from, Britain’s signals-intelligence service, maths whizzes and sundry artificial intelligence experts, its advisers include Jonathan Evans,From the beginning Darktrace took a different approach on cyber defence for companies.
No longer. Darktrace has 4,700 customers spread between Britain, the rest of Europe, America and Canada and the rest of the world. With the industry expanding fast, the firm expects its revenues to grow by around 36% in the year to June. It reckons it should be able to sell to most of the world’s medium to large companies, meaning a potential market of $40bn.
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