Cyber threat defense company, Darktrace, announced today that it has raised US$18 million from investors including Invoke Capital, Talis Capital, Hoxton ventures and private individuals; valuing the company at US$80 million.
Following this announcement, Darktrace said that it will continue its fast global growth. It also announced its expansion into Asia Pacific (APAC), adding that it has opened up operations in the region.
According to a media statement, the company's APAC operations will be led by Sanjay Aurora, Darktrace's APAC Managing Director.
Joining Aurora in overseeing the expansion process in the region is John Muser, Darktrace's Country Manager for Australia and New Zealand; as well as Stanley Hsu, Country Manager for Southeast Asia.
With the recent announcement of a new ministerial position and central agency dedicated to cyber security in Singapore, Aurora feels that now is the right "timing" for Darktrace to expand into APAC.
Darktrace CEO, Nicole Eagan, also cites the company's fast growth as the motivation for expansion.
"It has been barely a year since we deployed to our first customer, and now we have deployments at 75 companies and relationships with 50 partners across America, UK, continental Europe and the Middle East," she said. "Our headcount has tripled over the past year and expansion into Asia is a natural next step."
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