Darktrace
 Darktrace  (Cyber security)    | |
|---|---|
| Founder | •  Poppy Gustafsson• Mike Lynch |
Darktrace Ltd is a British cyber security company, established in 2013 and headquartered in Cambridge, England. It was listed on the London Stock Exchange until it was acquired by Thoma Bravo in October 2024.[1]
Background
Darktrace was founded in 2013 in Cambridge, where the Darktrace AI Research Centre is based, with the company's second R&D centre located in The Hague, Netherlands. It was founded by mathematicians and cyber defence experts at Invoke Capital, a company owned by Mike Lynch. Lynch was co-founder of Autonomy, sold to Hewlett-Packard in 2011 in a transaction leading to accusations of fraud and to a legal fight over extraditing him to the United States. In 2024 Lynch and Autonomy's former finance executive, Stephen Chamberlain were cleared of all fraud charges.
Many of Darktrace's management personnel, including former chief executive Poppy Gustafsson, chief technology officer Jack Stockdale, and chief strategy and artificial intelligence officer Nicole Eagan, were recruited from Autonomy.
Takeover
In April 2024, the private equity business, Thoma Bravo, offered to acquire the company for $5.3 billion.[2] The takeover was approved by the UK Court in September 2024, so allowing the transaction to complete. On 1 October 2024, it was announced that Thoma Bravo had formally completed its acquisition of Darktrace.[3]
References
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