More funding for AI cybersecurity: Darktrace raises $75M at an $825M valuation

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With cybercrime projected to reap some $6 trillion in damages by 2021, and businesses likely to invest around $1 trillion over the next five years to try to mitigate that, we’re seeing a rise of startups that are building innovative ways to combat malicious hackers. In the latest development, Darktrace — a cybersecurity firm that uses machine learning to detect and stop attacks — has raised $75 million, giving the startup a post-money valuation of $825 million, on the back of a strong business:

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