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Talis Capital leads USD18m Darktrace Series A funding round

Darktrace has raised USD18m in a  Series A funding round led by Talis Capital, with participation from Invoke Capital and Hoxton Ventures.

Based on advanced machine learning and mathematics developed at the University of Cambridge, and with customers including BT, Virgin Trains and Drax, Darktrace is rapidly shifting the way cyber security is approached as the market transitions to a new model based on early-stage detection of cyber threats that bypass traditional controls. 

The company will continue its fast global growth and today announces its expansion into Asia Pacific.

“Darktrace is growing at a phenomenal rate. It has been barely a year since we deployed to our first customer and now we have deployments at 75 companies and relationships with 50 partners across America, UK, continental Europe and the Middle East,” says Darktrace CEO Nicole Eagan. Our headcount has tripled over the past year and we are delighted to have secured the support of Talis Capital.” 

Vasile Foca, co-founder of Talis Capital, says: “Darktrace is at the forefront of mitigating one of the greatest challenges faced by the world's largest organisations; cyber security. We are excited to partner with a team that have developed a market-leading product and a track record of delivering enterprise software on a global scale.” 

Talis Capital co-founder Matus Maar, says: "the traction already achieved is a credit to the exceptional team behind Darktrace. We are looking forward to working alongside them as they execute an ambitious international expansion plan." 

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