Total amount raised
$230.5 Millions
Latest funding date
Location
Darktrace has successfully raised significant funding over multiple rounds, culminating in its acquisition by Thoma Bravo for $5.3 billion. The company leverages artificial intelligence to provide advanced cybersecurity solutions across various domains.
Keep reading to explore the intricacies of Darktrace's fundraising journey and the investors backing this innovative platform.
What Is Darktrace?
Founded in 2013 in Cambridge, UK, Darktrace is a pioneering AI company specializing in cybersecurity solutions. The company was established by Dave Palmer, Emily Orton, Jack Stockdale, and Poppy Gustafsson.
Darktrace's self-learning AI technology is modeled on the human immune system, providing real-time detection and autonomous response to cyber threats. Their solutions cover various domains, including network, email, cloud, operational technology, identity, and endpoint security.
With over 2,400 employees, Darktrace serves more than 3,500 organizations globally, helping them protect against insider threats, industrial espionage, IoT compromises, and other cyber risks.
How Much Funding Has Darktrace Raised?
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: September 2013
- Lead Investors: Invoke Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to develop and launch their AI-driven cybersecurity solutions.
- Series A
- Amount Raised: $18M
- Date: March 2015
- Lead Investors: Invoke Capital, Talis Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product development.
- Series B
- Amount Raised: $22.5M
- Date: July 2015
- Lead Investors: Summit Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and increase customer base.
- Series C
- Amount Raised: $65M
- Date: July 2016
- Lead Investors: Kohlberg Kravis Roberts
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop AI technology and expand globally.
- Series D
- Amount Raised: $75M
- Date: July 2017
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance technology offerings.
- Non-Equity Assistance
- Amount Raised: Not publicly disclosed
- Date: March 2018
- Lead Investors: Future Fifty
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To receive strategic support and resources for growth.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: May 2018
- Lead Investors: Vitruvian Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Series E
- Amount Raised: $50M
- Date: September 2018
- Lead Investors: Vitruvian Partners
- Valuation at Round: $1.65B
- Motivation Behind the Round: To drive further international expansion and meet the demand for their technology.
- Post-IPO Secondary
- Amount Raised: Not publicly disclosed
- Date: March 2020
- Lead Investors: Brighton Park Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to shareholders and support strategic initiatives.
Total Amount Raised: $230.5M. Current Valuation: $1.65B.
Key Investors
- Brighton Park Capital
- Details: Brighton Park Capital is a private equity firm that focuses on investing in growth-stage companies. They aim to partner with management teams to build market-leading businesses.
- Investment Focus Areas: Technology, healthcare, business services.
- Notable Investments: Not publicly disclosed.
- Kohlberg Kravis Roberts (KKR)
- Details: KKR is a global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, and credit.
- Investment Focus Areas: Technology, healthcare, infrastructure, real estate, energy.
- Notable Investments: ByteDance, Lyft, Epicor Software.
- Insight Partners
- Details: Insight Partners is a leading global venture capital and private equity firm investing in high-growth technology and software companies.
- Investment Focus Areas: Software, internet, data services.
- Notable Investments: Twitter, Shopify, Qualtrics.
- Vitruvian Partners
- Details: Vitruvian Partners is an independent European private equity firm that specializes in growth capital investments and buyouts.
- Investment Focus Areas: Technology, financial services, healthcare, media.
- Notable Investments: Just Eat, Skyscanner, Farfetch.
- Summit Partners
- Details: Summit Partners is a global alternative investment firm that invests in growth equity, fixed income, and public equity opportunities.
- Investment Focus Areas: Technology, healthcare, life sciences, financial services.
- Notable Investments: Uber, Avast, Infor.
What's Next for Darktrace?
Darktrace is poised for significant growth, driven by the increasing demand for AI-based cybersecurity solutions. With a strong focus on international expansion, the company is opening new offices and increasing its workforce to meet global demand. The adoption of their Antigena autonomous response solution is also on the rise, protecting over 7,000 networks, including major airports and financial institutions.
Future fundraising opportunities seem likely as Darktrace continues to expand and innovate. The company's rapid growth and increasing valuation suggest potential for additional funding rounds to support further technological advancements and market expansion. However, challenges such as managing rapid international growth, staying ahead of evolving cyber threats, and maintaining the quality of their AI-driven solutions will be critical to their continued success.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay's platform to access comprehensive fundraising data on companies like Darktrace and gather other critical business insights.
Sign up for free on Clay and start making data-driven decisions today.
