Tech firm gets big bucks
Source: Picture Alliance/Photoshot
UK cyber security firm Darktrace has landed a $65m funding from Wall Street giant KKR.
Darktrace is backed by Autonomy founder Mike Lynch who sold his business to HP in a multi-billion-dollar deal.
Founder Nicole Eagan said: “Securing the backing of another leading global investor like KKR is an important milestone for Darktrace and a strong validation of the technology we have developed.
“With such a group of world-class investors we have an incredibly strong base to realise our full potential.”
KKR’s Stephen Shanley, principle of its tech growth equity team, said: “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.”