THE cyber-security firm set up by spooks and tech geniuses, which counts blue-chips such as BT among its clients, has won $65 million (£50 million) in backing from US private equity giants KKR.
The investment in Darktrace — which puts a $400 million-plus price tag on the firm — follows a spate of high-profile attacks in the past year including the cyber-hacking of telecoms firm TalkTalk. The company, headed by chief executive Nicole Eagan, has seen revenues jump 600% in the past year.
The KKR deal is the latest stage in the rapid rise of the business, based in Cambridge and San Francisco. For the full article click here
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