Cybersecurity provider Darktrace raised $50 million

Cybersecurity provider Darktrace raised $50 million

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Cybersecurity provider Darktrace raised $50 million in a Series E round led by Vitruvian Partners. The financing brings total funding to date for the five-year-old company to around $230 million.

Darktrace announced earlier this month its plans to increase its workforce by 25% and was considering raising funds to do so, Bloomberg reported at the time. “We’ve seen phenomenal growth and quite frankly we’re just trying to keep up with the demand at the moment,” Nicole Eagan, the company’s chief executive officer told the outlet. More recently, Eagan said Darktrace is seeing a lot of growth “in new and existing geographies,” according to TechCrunch.

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Cybersecurity provider Darktrace raised $50 million <