Darktrace lands $50m in series E funding, boosting its valuation to $1.65bn September 27, 2018 Homegrown cyber security success story Darktrace will today announce the close of its series E funding round to the tune of $50m (£38m), raising its valuation to $1.65bn. The round was led by Vitruvian Partners, with participation from existing investors KKR and 1011 Ventures. The funding will be used to fuel international expansion and [...]
These are the 50 hottest fintech startups in Europe right now, as London fights to keep up with innovation June 20, 2018 Over half of the 2018 Fintech50 are based in London, as it fights to keep its crown amid increasing competition from startups in cities like Berlin, Dublin, Amsterdam and Warsaw. The city has produced 27 out of Europe’s best ‘ones to watch’, selected from the list’s largest ever pool of over 1,800 fintechs across the [...]
Social entrepreneurs, venture capitalists and Microsoft Stores’ head named UK change-makers by London Tech Week April 3, 2018 Some of the most influential names on London’s tech scene have named their people to watch for 2018, in sectors spanning from autonomous vehicles to healthtech. The ambassadors of London Tech Week – who include Eileen Burbidge, a partner at Monzo backer Passion Capital and member of the Prime Minister’s Business Advisory Group, Sarah Wood, [...]
Darktrace’s bright future: The CEO behind the company tipped to be the UK’s next tech unicorn March 12, 2018 In the heart of London, in the middle of the Strand, the office of Darktrace sits almost like a fortress; a sea of calm in the chaos and uncertainty that reigns in every global city. From here, maths whizzes and former intelligence officers have helped build a product sought after by multi-billion pound companies keen [...]
Will one of these 26 companies joining Tech City’s Future Fifty become the new Zoopla or Just Eat? March 7, 2018 An AI-driven cybersecurity company, a fashion industry analytics business and a tech-based language teaching company are among the 26 UK startups that have been identified as potential future tech stars. Darktrace, Featurespace and Firefly are among the companies joining companies such as SpitfireAudio, Thread and Superawesome on Tech City’s Future Fifty programme. Future Fifty alumni [...]
Cybersecurity firm hailed as one of UK’s most successful start-ups edges closer to unicorn status March 7, 2018 A cybersecurity firm that has been lauded as one of the UK’s most successful start ups is close to achieving “unicorn status” four and half years after its launch. Cambridge-based Darktrace, which was set up by a mix of mathematicians and government intelligence experts, started off at a value of £15 through the investment of [...]
London’s tech scene pulls in record £2.5bn in 2017 venture capital bonanza January 5, 2018 London’s tech venture capital investment reached another all-time high in 2017 as firms raked in four times more cash than Paris, the nearest European rival. Venture capital investment into the UK’s tech sector reached an all-time high of £2.99bn, almost double the total invested in 2016, according to figures compiled by data firm Pitchbook for [...]
London’s tech scene pulls in record £2.5bn in 2017 venture capital bonanza January 5, 2018 London’s tech venture capital investment reached another all-time high in 2017 as firms raked in four times more cash than Paris, the nearest European rival. Venture capital investment into the UK’s tech sector reached an all-time high of £2.99bn, almost double the total invested in 2017, according to figures compiled by data firm Pitchbook for [...]
Women in tech: Private equity giant KKR will help 20k women learn coding with Code First: Girls partnership November 21, 2017 Private equity giant KKR is backing women in tech in a new effort to help thousands of them learn how to code. The firm is backing an ambitious new campaign by Code First: Girls aiming to train 20,000 women by 2020 in an area where they are severely under-represented. The partnership with the UK-based social [...]
London cyber security startup Callsign, used by Lloyds and Deutsche Bank, has raised a huge $35m series A led by Accel and PTB Ventures July 27, 2017 A security startup focused on digital identity which helps keep Lloyds and Deutsche Bank protected has raised a huge round of funding from venture capital investors. London-based Callsign has landed $35m in a series A round of funding led by Spotify backer Accel and PTB Ventures a New York-based early-stage investment firm specialising in digital [...]