UK cybersecurity company Darktrace valued at $1.65 bln after latest funding

Cambridge, U.K.-based Darktrace, which uses machine learning and AI algorithms to provide cyber defense services, announced that it has raised $50 million in Series E funding led by Vitruvian Partners. Existing investors KKR and 1011 Ventures also participated. The latest funding now values the company at $1.65 billion. Darktrace, founded in 2013, has now raised $229 million in funding.

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