Darktrace Going Public

Darktrace, a British cybersecurity startup, this week announced its plans to go public on the London Stock Exchange’s premium market.

Poppy Gustafsson is Darktrace’s CEO.

“Our intention to list on the London Stock Exchange marks a major milestone in Darktrace’s history of rapid growth, and a historic day for the U.K.’s thriving technology sector,” she said.

Darktrace’s platform uses artificial intelligence (AI) to detect sophisticated cyber threats, from insider threat and criminal espionage, to ransomware and nation-state attacks. Its partners range from small consulting organizations, to traditional VARs, MSSPs and technology partners that offer solutions complementing its solution.

From fiscal year 2018 to fiscal year 2020, Darktrace’s revenue has grown from nearly $80 million to $199 million, at a compound annual growth rate of more than 58%. Its customer base has more than doubled during that time.