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18 June, 2021 - 12:28 By Tony Quested

Darktrace market cap hits £3.16 billion

Cambridge’s world leading cyber security business Darktrace saw its UK share price and market capitalisation rocket today to cap a remarkable few weeks since IP0. The share price topped 450p and the market cap rose to £3.16 billion.

Darktrace only floated at the end of April when the opening share price was 250p, valuing the business at £1.7bn.

Darktrace is is experiencing major growth globally. The company’s autonomous response technology – Darktrace Antigena – received the Outstanding Security Automation accolade at the recent Computing AI & Machine Learning Excellence Awards.

That was hot on the heels of Darktrace being named Best Security Company at the 2021 SC Europe Awards.

Darktrace provides comprehensive, enterprise-wide cyber defence to over 5,000 organisations in more than 100 countries, protecting the cloud, email, IoT, traditional networks, endpoints and industrial systems.

A self-learning technology, Darktrace AI autonomously detects, investigates and responds to advanced cyber threats, including insider threat, remote working risks, ransomware, data loss and supply chain vulnerabilities.

The company has 1,500 employees globally, with headquarters in Cambridge, UK. Every second, Darktrace AI detects a cyber-threat, preventing it from causing damage.

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