Darktrace nears Unicorn status with AI cybersecurity firm raising $75m

One of the UK’s fastest growing startups is edging ever nearer to the much coveted Unicorn status, with a successful Series D financing round securing Darktrace a further $75m in funding.The funding round was led by Insight Venture Prtners, with existing investors Summit Partners, KKR and TenEleven Ventures also participating in the Series D. The total raised takes the company’s post-money valuation to $825m and is further proof that there seems to be no stopping the cybersecurity start-up. Indeed, Darktrace recently hit upon another major milestone, announcing that it had climbed new commercial highs as its total contract value hit $200 million – a huge increase of 140% from last year. Much of this growth was driven by outstanding performance in the US, where bookings increased threefold.