Darktrace Cybersecurity Firm Now Worth 0M

Cybersecurity firm Darktrace has garnered $65 million in equity funding through a consortium of investors led by private equity giant KKR and Co. Reuters reported that the newest funding round values the company at more than $400 million. The newswire stated that the round also included Summit Partners, an existing investor, who was joined by new entrants TenEleven Ventures and SoftBank-affiliated SB ISAT Fund. The firm, which uses advanced machine learning to help focus on data breaches in a company’s network, has said that revenues were up 600 percent year over year. Startups like Darktrace are attempting to challenge established players, such as FireEye and Symantec. And as cyberattacks get more sophisticated, machine-learning solutions are becoming increasingly important. Separately, CNBC reported that the firm is taking on the hackers that…

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