Cybersecurity firm Darktrace, founded in Cambridge three years ago, has landed $65m in new funding in a round led by global investment firm KKR.
The round also drew support from existing investor Summit Partners and new investors TenEleven Ventures and SoftBank-affiliated SB ISAT Fund.
According to a statement, the company will use the new money to accelerate its expansion across the globe.
Nicole Eagan, CEO of Darktrace, spoke about the raise: “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. We chose to partner with KKR because of their unique global network to support our international expansion and rich history of enterprise building in the technology sector.
“In addition to KKR, we are excited to work with our new investors TenEleven Ventures and SoftBank who will contribute significant strategic value and knowledge to our team. We are also pleased to have the continued support of Summit Partners, who have been of tremendous help to us since their initial investment. With such a group of world-class investors we have an incredibly strong base to realize our full potential,” added the CEO.
The firm – named a Technology Pioneer by the World Economic Forum – founded by mathematicians and machine learning specialists from the University of Cambridge, along with world-leading intelligence experts from MI5 and GCHQ, employs 300 across several offices across the world.
Stephen Shanley, principal on KKR’s Technology Growth Equity team, added: “We are highly impressed by the Darktrace team and the uniqueness of the product they have built. Advancements in cybersecurity 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. We look forward to supporting Darktrace and think that, together with the other investors, we can help management drive significant value for Darktrace over the coming years,” concluded Shanley.