Saturday April 4, 2020

Lynch says Darktrace is valued at more than $400m after new funding round

Founder says Darktrace is “not far off profitability”

10th July, 2016
Mike Lynch of Invoke Capital: the technology entrepreneur is majority shareholder in Darktrace Bloomberg

Darktrace, a provider of cyber threat defence software backed by Irish technology entrepreneur Mike Lynch of Invoke Capital, has raised $65 million in its latest funding round.

The company is now valued at more than $400 million, Lynch told The Sunday Business Post.

Lynch, the founder of enterprise software company Autonomy, which was sold to HP for $11.7 billion in 2011, is the majority shareholder in Darktrace as well as a director of its board and advisory...

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