2nd PIC 2015 Darktrace: Cyber security technology
To close the gap between sophisticated attack methodologies and defense technology.
Darktrace’s leading solution, the Enterprise Immune System, is complemented by the Threat Visualizer; a dynamic 3D interface that graphically represents an organization’s entire network and demonstrates the threat level that it faces at any given time. Darktrace offers organizations the ability to evaluate the power and benefits of the Enterprise Immune System by performing an initial Proof of Value or pilot phase.
Plans for future development
Growing at a phenomenal rate, Darktrace plans to launch into security for Industrial Control Systems – transforming the protection of critical national infrastructure. Experts in the ICS area are leading the development of a brand new product, the Industrial Immune System, which has specifically adapted mathematical algorithms to suit network environments within the energy and utilities industry.
Key achievements to date
- First solution to practically apply the biological principle of the human immune system to the challenge of cyber security
- Rapidly built up a global customer base, including a key partnership with British Telecom
- Raised $18 million in March 2015, at a valuation of $80 million
- Company headcount tripled in the last year to 75
Key executives at the 2015 Circle, Tokyo
About the market
The cyber security market is one of the most buoyant and fast-growing segments of the IT industry. Whilst just over ten years ago the minimum standard of care for enterprises was limited to anti-virus and firewall solutions, the current market is demanding much more innovation faster. Cybercrime has finally reached the tipping point where consumers and regulators are demanding effective solutions from businesses.
The annual cost of cybercrime to the global economy is estimated at more than $400 billion, making cyber security one of the fastest expanding markets. It is currently undergoing unprecedented growth and development thanks to a wide variety of internal and external factors. As a consequence, it has been assessed that the value of the global cyber security market in 2015 will reach over $75 billion.
Mainly Security Information and Event Management (SIEM) technology vendors e.g. Palo Alto Networks, Splunk, RSA and HP. Their traditional approach based on the notion that you can keep threat out is becoming increasingly outdated. That is why Darktrace has created a new technology category, the Enterprise Immune System, which works by seeing and understanding the activity within a network, rather than trying to put up defensive walls around it.
Today’s market has evolved from the unrealistic goal of trying to ‘secure’ all information with perimeter borders, towards internal monitoring. There is a new realization that within a successful business, cyber risk is a persistent reality and that incidents will occasionally occur. However, adopting a new, proactive stance of security will enable companies to take action to curb developing situations from turning into attacks or damaging incidents.
What is your vision for your company?
To create a new generation of cyber defense capabilities based around continual monitoring and analysis of internal environments, through the application of unique, cutting-edge mathematics and machine learning techniques, enabling organizations to see evolving threat situations as they happen.
Who is your target customer?
Organizations of all sizes with existing customers in numerous sectors such as financial services, telecommunications, energy and utilities, retail, healthcare, legal, transportation and government and defense.
What benefits does your company offer its customers?
Darktrace provides a complete overview of all device and user activity that flows through the network in real time. Its unique combination of advanced mathematics and machine learning has been proven to find anomalies that bypass all other legacy security tools, allowing organizations to proactively and pragmatically manage serious cyber risk before damage is done. Darktrace provides a complete overview of all device and user activity that flows through the network in real time. It has been proven to find anomalies that bypass all other legacy security tools, allowing organizations to proactively and pragmatically manage serious cyber risk before damage is done.
How do you think your company is different from the rest?
Darktrace is the first solution to practically apply the biological principle of the human immune system to the challenge of cyber security. The Enterprise Immune System’s ability to self-learn and adapt to changing environments in real time represents a fundamentally new category of cyber defense.