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. [...]
Bloomberg innovators 2016 list: These are the most innovative businesses in the UK – From coffee creators to fintech leaders January 26, 2016 More than 50 businesses have been named the most innovative in Britain credited with changing the way we live, work and think. Leading fintech startups, creative coffee makers and bionic hand creators, are just some of those to have been chosen by a group of leading investors and entrepreneurs including Saul Klein and Rohan Silva. [...]
The firms benefiting from the cybercrime arms race: NCC, Sophos and Darktrace make UK a cybersecurity leader January 21, 2016 Cybercrime fears are on the rise but it’s not bad news for everyone: the IT security sector is booming. With high-profile hacks against firms like JD Wetherspoons and TalkTalk exposing hundreds of thousands’ personal and financial data, and government and big business alike have been racing to tackle the growing threat, with the UK doubling [...]
World Economic Forum Tech Pioneers: Transferwise and Mike Lynch’s Darktrace among four UK firms chosen August 5, 2015 Four UK companies have been named among the most pioneering tech companies in the world by the World Economic Forum (WEF), following in the footsteps of Google and Twitter. Billion-dollar FinTech startup Transferwise and Mike Lynch's cybersecurity startup Darktrace are two of the high-profile UK companies selected by a panel of judges identifying the startups [...]
Lynch invests in cyber security September 16, 2013 BRITISH technology guru Mike Lynch yesterday invested £1bn in cyber security firm Darktrace, praising the firm’s “radically different” approach. Lynch rose to fame after founding Autonomy, a firm sold to Hewlett-Packard in 2011 for £7.1bn. He has since set up a fund, Invoke Capital, to invest in the sector. “Darktrace brings a radically different solution to [...]