Darktrace looking at £3bn listing on the London Stock Exchange
Darktrace is believed to be looking at offering its shares on the London Stock Exchange, which could raise £3bn. This would equate to 20% of the company's equity. It was one of the first security companies to use AI to improve its cyber-security. With its software that constantly monitors a businesses computer system, any abnormalities can be detected, identified and eliminated very quickly. The Cambridge company, headed by chief executive Poppy Gustafsson, said a London listing was a "logical choice" and that a US listing would not be considered. Revenues have risen in the past two years from £57.7m ($79.4m) to £145m ($199.1m).
The cyber-security market is worth an estimated £29bn and Darktrace's global revenues have grown from $79m in 2018 to $199m in 2020, with loses in 2018 amounting to $27m to a $9m profit in 2020.
Darktrace's AI learns on-the-job how to detect and respond to any cyber threats in real time. This AI blends seamlessly with McLaren's fast paced innovation and Darktrace's AI is a class-leading solution to Cyber AI as it's completely scaleable to any business and can handle all levels of change and complexity as an organisation evolves.
The AI works in all sorts of digital environments, from email, network tariff data; covering SaaS applications and cloud services, so wherever the IP resides, Cyber AI is there also, protecting in the background. Darktrace can easily keep pace with any high-speed data transfers, whether inside an organisation or to remote workers working from home.
If a cyber threat is detected, Cyber AI quickly contains the threat at an early stage, with computer speed-attacks such as ransomware continuing to rise. Darktrace AI swiftly eliminates any threat and that gives any security team time to catch up.