At the frontline: The cyber threat is becoming ever more subtle November 8, 2016 On any given day, typing the words “cyber attack” into Google News will give you a fresh medley of hacking stories. Hollywood and Edward Snowden may have romanticised the perpetrators of these crimes, but behind most of the headlines sit one or more business owners who are the victims of these devastating breaches. Darktrace and its 330 [...]
Cyber security innovators are taking on the criminals on their own turf October 21, 2016 In an increasingly digital world where we entrust our most valuable data to the information superhighway, it was almost inevitable that criminals and other bad actors would eventually catch up and move their business online too. Their methods are becoming ever more sophisticated as they take advantage of the labyrinth that is the "dark web", which enables [...]
UK tech investors are incredibly happy about Softbank’s $100bn fund October 17, 2016 Venture capital investors in London have welcomed the arrival of the world’s biggest ever tech investment fund and the decision to locate it in the capital. Softbank unveiled plans last week to create a huge new fund for investing in technology companies along with the Saudi Arabian sovereign wealth fund to the tune of as much as $100bn [...]
What Brexit? UK startup funding has bucked a global slowdown October 13, 2016 Cash being ploughed into the UK's tech startups has defied a global slowdown as the impact of Brexit turns out to be limited – so far, at least. Venture capital investment inched up 10 per cent to $834m in the third quarter of the year, fueled by high profile rounds for several star startups including Deliveroo and Darktrace. [...]
Darktrace is now worth $500m and has IPO ambitions October 3, 2016 One of the UK's hottest tech startups is now worth half a billion dollars and has ambitions to go public, City A.M can exclusively reveal. Darktrace, the cyber security startup which boasts backing from top Silicon Valley venture capitalists, Wall Street investors and former Autonomy entrepreneur Mike Lynch, was valued at $450m after a major round [...]
Four good things that have happened in the UK since the Brexit vote July 27, 2016 Who could blame us for worrying over our economic fate after the Brexit vote? We were afraid that the economy was heading for certain death and we wouldn't be able to rescue it. Here we are, over a month after the vote and it looks like there may be some light at the end of [...]
VCs have invested $200m in UK tech since Brexit July 25, 2016 The UK's tech sector is defying the Brexit blues, with more than $200m (£152.5m) of venture capital cash ploughed into startups since the vote to leave the EU on 24 June. Top tech leaders heralded the 42 deals which have been made in the past month as the data is an early indicator that the UK [...]
This fintech startup has shaken off Brexit to raise millions more July 11, 2016 UK fintech startup Revolut has raised millions of pounds of new funding from top Silicon Valley investors and plans to raise further cash via crowdfunding, shaking off worries over a Brexit slowdown in tech investment. The year-old currency transfer app has raised up to £6.75m from Ribbit Capital along with existing seed investors Balderton Capital, Index Ventures, Point Nine Capital, [...]
This UK cyber security startup just landed $65m July 6, 2016 A UK-founded cyber security startup backed by Mike Lynch, who sold his previous business to HP for billions, has landed millions of pounds in new funding from investors. Cambridge and San Francisco-based Darktrace has closed a $65m (£50m) round of funding lead by Wall Street private equity giant KKR. TenEleven Ventures and SoftBank's SB ISAT fund are new investors [...]
UK cyber security company Darktrace embarks on funding round to secure $400m valuation April 10, 2016 UK cyber security company Darktrace has turned to Silicon Valley in a bid to secure funding which would see the company valued at $400m (£283.2m). The company, which is headquartered in both Cambridge, UK, and San Francisco, USA, was founded in 2013 by mathematics and computer specialists from the University of Cambridge and intelligence experts from MI5 and GCHQ. [...]