UK cyber security giant is now worth $1.65bn

AI and cyber security firm Darktrace has raised $50 million in funding at a valuation of $1.65 billion. The investment is led by European private equity firm Vitruvian Partners with participation from existing investors KKR and 1011 Ventures. Darktrace uses artificial intelligence and machine learning algorithms to automatically detect cyber threats to its customers' networks. The Cambrige-headquartered business claims that its Antigena product can respond automatically to cybersecurity issues within two seconds. Its roster of customers includes eight major international airports including London Gatwick.