Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

DARKTRACE CONTRACTS WORTH OVER $125 MILLION

2,000 Deployments of the Enterprise Immune System

Darktrace, the leader in Enterprise Immune System technology, has today announced that after a phenomenal final quarter of 2016, it has secured contracts with a total value of over $125 million to date. Global demand for Darktrace’s machine learning cyber defense solution is growing faster than ever, and the Enterprise Immune System has now been deployed over 2,000 times.

Now deployed in 60 countries worldwide, Darktrace has expanded into new territories including Bermuda, Luxembourg, Malaysia, Morocco and Portugal, adding to its strong traction across the US, Canada, Europe and APAC. Darktrace’s customers include Blackhawk Network, BT, KEEN, Rakuten Securities Inc., the Church of England, Birmingham International Airport, Drax, PhoonHuat, Saniflo, and Parchment.

Darktrace’s revenue is increasing by 600% year on year, and customer renewals are at over 90%. With over 360 employees across 23 global locations, the company has more than doubled in size over the last year.

The Enterprise Immune System is powered by unsupervised machine learning and mathematics developed by specialists from the University of Cambridge. By learning the ‘pattern of life’ for each user, device and network, the Enterprise Immune System automatically detects anomalous changes in behavior and emerging threats. This self-learning technology has allowed Darktrace to discover over 27,000 serious cyber incidents, which went unnoticed by legacy security tools.

“Machine learning is critical as we move towards more automated and fast attacks,” commented Clark Flannery, Director of Information Technology, KEEN. “The reality is that you can’t keep everything from getting in the network. Darktrace’s Enterprise Immune System helps us visualize what is already inside our network, and mitigates threats, as they emerge.”

“Our outstanding growth this quarter reflects the huge demand for Darktrace’s self-learning solution, which is the only technology that is capable of catching in-progress attacks, without prior warning or special insights,” said Nicole Eagan, CEO, Darktrace. “Organizations of all sizes across the world are deploying the Enterprise Immune System to defend against not just today’s cyber-threats, but tomorrow’s too.”