If you are in any way involved with the world of investing – and possibly even if you are not – you’ve likely seen the name ‘Darktrace’ cropping up with increased frequency over the last few months.
However, though it has become something of a mainstay in the UK investment conversation throughout 2021, there are still many that aren’t clued up on what Darktrace is, why it is the topic of so many discussions, and why it is important to keep an eye on its performance.
What Is Darktrace?
In the most basic of terms, Darktrace is a cybersecurity firm based in the UK that was founded in 2013. Backed by renowned entrepreneur Mike Lynch, Darktrace uses advanced AI technologies to assess and understand computer networks, which subsequently enables it to be able to see where systems are vulnerable and can also detect attacks exactly as they occur.
Why The Buzz?
So far, so simple; the world is full of cybersecurity firms, so why is Darktrace grabbing the headlines?
The core reason is that the company is valued very highly. In fact, it is currently in the process of trying to accrue a staggering $4bn ahead of its expected London listing, which is liable to happen towards the tail end of 2021.
With hackers continually coming up with new ways to access systems, manipulate companies and infiltrate even the most complex of networks, major corporations are constantly seeking solutions that will keep sensitive data safe.
Darktrace is already trusted by a number of recognised brands, including Rolls-Royce and Coca-Cola, and it is thought to be so powerful that its AI detection is currently stopping at least one serious cyber threat per second for these companies.
In terms of financial growth, there is no denying Darktrace’s level of success.