Darktrace has become a rarity in the British tech scene: a Unicorn. The cybersecurity company, which provides what it calls a network "immune system" powered by artificial intelligence, hit a $1.25 billion valuation last month, two sources close to the deal told Forbes. From the Olympics to $30m revenueHow did Darktrace find itself at the vaunted Unicorn status? But, Cunningham said, Darktrace has a practical application and has proven the tech "actually does what it says it will." For its next trick, Darktrace is getting customers to place almost faith in its AI with the Antigena product.

Source: Forbes May 15, 2018 13:52 UTC