We are highly impressed by the Darktrace team and the uniqueness of the product they have built. Advancements in cyber security is one of KKR’s core investment themes and Darktrace has established a strong leadership position in the space due to the differentiation of its product – which can detect threats that other cyber solutions fail to identify.The latest investment brings total funding of the three-year-old firm to more than $100m and values it at an estimated $400m. Previous investors in Darktrace – named one of the World Economic Forum's most pioneering tech companies among only four other UK companies – include Lynch's Invoke Capital and Hoxton Ventures. Read more: Peter Thiel-backed "Airbnb for work space" eyes London
The increasing risks of data hacks and leaks, including high profile breaches of Talk Talk and the Panama Papers, have helped the sector helping business battle the threats surge. Funding of cyber security startups hit a record high of $3.8bn in 2015, more than doubling since 2011 according to data from CB Insights.