Darktrace Hits $1.65 Billion Valuation After Latest Funding Round

Darktrace differentiates itself in using advanced machine learning and mathematics developed at the University of Cambridge to identify abnormalities in a company's IT network that might be an attack. The company also aims to tackle the latest phenomenon of artificial intelligence-based cyber attacks with its own AI-based software. "We are starting to see early signs of very rudimentary machine learning being used in these (cyber) attacks ... we do estimate that in the next 18 months we will start seeing much sophisticated AI based attacks," Eagan said. Darktrace, co-headquartered in Britain's Cambridge and San Francisco, has customers including chipmaker Micron Technology Inc, international airports like London Gatwick Airport, and financial institutions such as AIG Inc.