Cybersecurity

Darktrace’s rapid growth since listing on the London Stock Exchange last year has continued as it reports its annual results.

The Cambridge-headquartered firm, a leader in cybersecurity AI, saw 45.7% revenue growth to reach £415 million in the 12 months ended 30th June 2022.

Adjusted EBITDA jumped 173% to £91m, while its customer base grew 32.1% to nearly 7,500.

In July Darktrace revealed a slew of executive management changes including the exits of long-standing executives Emily Orton and Dave Palmer.

The company, which protects customers worldwide from ransomware, insider threats and cloud attacks, assumes that threats will get inside an organisation. It uses self-learning technology to automatically detect these from within and defend against them.

“We are one of the world’s most innovative cybersecurity companies, with a mission of freeing the world of cyber disruption,” said CEO Poppy Gustafsson. 

“Since listing on the public markets, we’ve turbocharged our growth by adding ground-breaking products to our platform, including our new PREVENT offerings. 

“We have a proven business model, which is generating cash. Today’s results are yet another example of our strong performance. Being listed on the London Stock Exchange is exactly where we want to be right now.”

Darktrace has more than 1,700 employees and more than 30 offices worldwide.

Earlier this year it acquired an attack surface management company for €47.5m.

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