Cyber ​​security

Darktrace’s meteoric rise since listing on the London Stock Exchange last year continues as it reports annual results.

The Cambridge-headquartered firm, a leader in artificial intelligence for cyber security, reported a 45.7% increase in revenue to £415m in the 12 months ending 30 June 2022.

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

In July, Darktrace revealed a number of changes to its executive leadership including the departures of longtime executives Emily Orton and Dave Palmer.

The company, which protects customers around the world from ransomware, insider threats and cloud-based attacks, believes that threats are coming from within the organization. It uses self-learning technology to automatically detect them from within and protect against them.

“We are one of the most innovative cybersecurity companies on a mission to free the world from cyber disruption,” said CEO Poppy Gustafsson.

“Since going public, we have accelerated our growth by adding innovative products to our platform, including our new PREVENT offerings.

“We have a proven business model that makes money. Today’s results are another example of our high performance. Listing 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 €47.5 million.

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