Darktrace, a San Francisco, CA- and Cambridge, UK-based AI company for cyber defense, raised $50m in Series E funding.
The round, which valued the company at $1.65 billion, was led by Vitruvian Partners with participation from existing investors KKR and 1011 Ventures.
The company intends to use the funds for further international expansion and development.
Led by CEO Nicole Eagan, Darktrace provides the Enterprise Immune System, which uses machine learning and AI algorithms to detect and respond to cyber-threats across diverse digital environments, including cloud and virtualized networks, IoT and industrial control systems. The technology is self-learning and requires no set-up, identifying threats in real time, including zero-days, insiders and stealthy, silent attackers.
Customers include eight major international airports including London Gatwick Airport and Milan-Bergamo Orio Al Serio International Airport, the world-leading Science Museum Group, as well as a number of global financial institutions such as AIG, AEGON Sony Life Insurance and Ipreo.
The company has over 30 offices worldwide. It is also backed by Invoke Capital, Summit Partners, Insight, Samsung, Talis and Hoxton.