Darktrace is Number 3 in Sunday Times Hiscox Tech Track 100
Named UK’s Third Fastest-Growing Tech Company
Darktrace, the world leader in AI technology for cyber defense, has today announced that it was named number 3 in the Sunday Times Hiscox Tech Track 100. This annual league table ranks the UK’s top 100 private equity companies with the fastest-growing sales over the last three years.
Darktrace has grown rapidly since being founded in 2013, with total contract value increasing 140%, and booking increasing threefold in the US, over the last year. With over 500 employees across 24 global locations, Darktrace’s total contract value hit $200 million in July, and the company was valued at $825 million.
Steve Langan, CEO of Hiscox Insurance Company, the title sponsors of the Tech Track 100, congratulated all the companies on the list: “Their courage is laudable; rapid growth and continual innovation takes grit. We are extremely proud to be associated with such an impressive list.”
Darktrace’s AI has disrupted the cyber security industry, with over 3,000 deployments of its Enterprise Immune System technology to date. The traditional approach to cyber defense relies on pre-defining the threat in an attempt to stop attacks from getting into the network at the perimeter. Darktrace turns this on its head: the technology learns what is normal for every user and device, as well as the network as a whole, and uses this evolving ‘pattern of life’ to detect and take autonomous action against emerging threats, in real time.
“Since its inception four years ago, Darktrace has gone from strength to strength. Being number 3 on the Sunday Times Hiscox Tech Track 100 is a fantastic tribute to the growth the company has experienced, which is down to the fundamental power of our AI technology, and the excellence of all our employees here,” said Nicole Eagan, CEO, Darktrace. “The Enterprise Immune System has completely transformed our customers’ approach to cyber defense. As cyber-threats become ever more sophisticated and fast-moving, regularly bypassing legacy security tools, more and more organizations are turning to artificial intelligence as the only way to defend against tomorrow’s attacks.”
Darktrace is the world’s leading machine learning company for cyber security. Created by mathematicians from the University of Cambridge, the Enterprise Immune System uses AI algorithms to automatically detect and take action against cyber-threats within all types of networks, including physical, cloud and virtualized networks, as well as IoT and industrial control systems. A self-configuring platform, Darktrace requires no prior set-up, identifying advanced threats in real time, including zero-days, insiders and stealthy, silent attackers. Headquartered in San Francisco and Cambridge, UK, Darktrace has 24 offices worldwide.