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Darktrace

Darktrace logo

Financial bias: 3.8
Team bias: 2.9

Darktrace

SUMMARY
Technology

#hipster100 #ai #cybersecurity


Enterprise immune system technology for cybersecurity, using artificial intelligence algorithms
TICKER
darktrace
ENTITY
DARKTRACE LIMITED
active
#08562035

Born: Jun13

API



valuation



market price valuation
GBP 1,260m
(as at 27Sep18)

media driven valuation
GBP 1,260m

valuations methodology

algo says

Experienced team
Potential IPO or takeover target
Good board
Unicorn status

No designated CFO
Operate in very competitive sector

Invoke capital (Darktrace's largest shareholder) founder Mike Lynch has been charged with fraud

featured

finances

as at ebit rev na(nl) equity debt cash
30Jun17 -24,424 30,759 13,952 57,306 ? 15,331
Source: UK Companies House - Audited Accounts Grant Thornton GBP 'OOOs
30Jun16 -9,569 17,078 12,245 33,374 5,626 15,767
Source: UK Companies House - Audited Accounts Grant Thornton GBP 'OOOs
30Jun15 ? ? -2,941 8,339 5,209 3,366
Source: UK Companies House - Audited Accounts Grant Thornton GBP 'OOOs
30Jun14 ? ? -2,464 1,090 2,522 1
Source: UK Companies House - Audited Accounts Grant Thornton GBP 'OOOs

controllers

shareholders

Hoxton Ventures

ICP LONDON LIMITED 57.7491%

SUMMIT PARTNERS EUROPE PRIVATE EQUITY FUND LP 25.6504%

BEYOND DIGITAL TWO LIMITED 5.3766%

HOXTON VENTURES FUND I LP 2.1506%

BEYOND SECURITY LIMITED 1.7531%

NICHOLAS TRIM 1.7325%

JOHN RICHARDSON 1.2833%

DAVID PALMER 1.155%

NICOLE WARD EAGAN 1.155%

STEFANO QUADRIO-CURZIO 0.8279%

PHILIP PEARSON 0.2922%

SUMMIT INVESTORS I LLC 0.2683%

ANDREW FRANCE 0.1732%

POPPY GUSTAFSSON 0.1732%

STEPHEN HUXTER 0.1155%

SUMMIT PARTNERS ENTREPRENEUR ADVISORS FUND I LP 0.0926%

SUMMIT INVESTORS I (UK) LP 0.0427%

ALEX MARKHAM 0.0087%


Note: This is based on public information and may not take into account options, convertible debt, off balance sheet side letters, other economic rights as per the cap table, etc


cap-table

EQUITY DEFERRED

THE DEFERRED SHARES DO NOT ENTITLE THE HOLDERS OF THEM TO RECEIVE NOTICE OF, TO ATTEND,TO SPEAK, OR TO VOTE AT ANY GENERAL MEETING OF THE COMP ANY NOR TO RECEIVE OR VOTE ON, OR OTHERWISE CONSTITUTE AN ELIGIBLE MEMBER FOR THE PURPOSES OF, PROPOSED WRITTEN RESOLUTIONS OF THE COMPANY. SUBJECT TO THE COMPANIES ACTS, ANY DEFERRED SHARES MAY BE REDEEMED BY THE COMPANY AT ANY TIME AT ITS OPTION FOR ONE POUND FOR ALL THE DEFERRED SHARES REGISTERED IN THE NAME OF ANY HOLDER(S) WITHOUT OBTAINING THE SANCTION OF THE HOLDER(S).

15Jul16

EQUITY ORDINARY

THE ORDINARY SHARES ARE NON-REDEEMABLE, HOLD FULL VOTING RIGHTS, ENTITLE THE HOLDERS TO FULL PARTICIPATION IN RESPECT OF EQUITY AND IN THE EVENT OF A WINDING-UP AND MAY BE CONSIDERED BY THE DIRECTORS WHEN DECLARING DIVIDENDS FROM TIME TO TIME.

15Jul16

EQUITY GBP PREFERRED

THE PREFERRED SHARES ARE NON-REDEEMABLE, OLD FULL VOTING RIGHTS, ENTITLE THE HOLDERS TO FULL PARTICIPATION IN RESPECT OF EQUITY AND IN THE EVENT OF A WINDING-UP AND MAY BE CONSIDERED BY THE DIRECTORS WHEN DECLARING DIVIDENDS. ON A DISTRIBUTION OF ASSETS ON A LIQUIDATION OR A RETURN OF CAPITAL (OTHER THAN A CONVERSION, REDEMPTION OR PURCHASE OF SHARES) THE SURPLUS ASSETS OF THE COMPANY SHALL BE APPLIED (TO THE EXTENT THAT THE COMPANY IS LAWFULLY PERMITTED TO DO SO) FIRST TO EACH HOLDER OF PREFERRED SHARES IN AN AMOUNT PER PREFERRED SHARE HELD EQUAL TO THE SUBSCRIPTION PRICE.

15Jul16

people (8)

EAGAN, Nicole logo 1 1
EAGAN, Nicole
#director #ceo
01Sep14
@hp @oracle

#American #54yo
WEBB QC, Robert logo 1 1
WEBB QC, Robert
#director #chairman
01Aug14
@ba

#British #70yo
EATON, Richard logo 1 1
EATON, Richard
#secretary
24Sep18
PEARSON, Philip Michael logo 2 2
PEARSON, Philip Michael
#director
30Nov18
@invoke @cantab

#British #45yo
COLOMAR, Vanessa logo 1 1
COLOMAR, Vanessa
#director
14Jul15
@invoke

#British #46yo
KANTER, Andrew Mark logo 8 8
KANTER, Andrew Mark
#director
01Nov16
@invoke

#American #49yo
SHANLEY, Stephen Robert logo 2 2
SHANLEY, Stephen Robert
#director
15Jul16
@kkr

#American #33yo
SIKKENS, Johannes Kornelius Jan logo 1 1
SIKKENS, Johannes Kornelius Jan
#director
14Jul15
@summit

#Dutch #41yo
LYNCH, Michael Richard, Dr
#director
27Feb15
30Nov18 (res)
@Autonomy
FOCA, Vasile Barry
#director
27Feb15
15Jul16 (res)
@Talis Capital
HARRIS, Elizabeth Jane
#director
10Jun13
27Feb15 (res)

HUSSAIN, Sushovan Tareque
#director
27Feb15
01Nov16 (res)
@Autonomy (cfo)

news

Darktrace nearly doubles revenue as founders get caught up in £4bn Mike Lynch fraud trial
Telegraph 01Apr19
Darktrace breakaway Senseon raises $6.4M to tackle cybersecurity threats with an AI ‘triangulation’ approach
TechCrunch 19Feb19
Darktrace risks being dragged into US probe into billionaire Mike Lynch
CityAM 17Feb19
Billionaire investor Mike Lynch has left the board of unicorn cybersecurity startup Darktrace as he faces fraud charges
Business Insider 05Dec18
Inside Darktrace, the UK’s $1.65bn cyber security start-up
Financial Times 10Oct18
Cybersecurity start-up Darktrace raises $50 million
Telegraph 27Sep18
Darktrace Said to Hit $1.25 Billion Valuation in Stock Sale
Bloomberg 15May18
Losses widen at security start-up Darktrace as it embarks on hiring spree
Telegraph 02Apr18
More funding for AI cybersecurity: Darktrace raises $75M at an $825M valuation
TechCrunch 12Jul17
Darktrace enters into cybersecurity partnership with Siemens
Electric Light Power 02May17
CONSUMER GOODS GIANT SIGNS $1M CYBER SECURITY DEAL.
BusinessCloud 06Mar17
Darktrace reports $125 million in new contracts
Access AI 15Jan17
Darktrace CEO Poppy Gustafsson on how to raise $104.5m and employing curious minds
UKTN 21Dec16
Darktrace co-founder discusses the future of cybersecurity
TechCrunch 05Dec16
Darktrace is now worth $500m and has IPO ambitions
CityAM 03Oct16
Samsung is latest big name to back Darktrace
CAMBRIDGE NEWS 14Jul16
Despite Brexit, KKR Buys Stake in U.K. Cybersecurity Company
The Wall Street Journal 06Jul16
Two thirds of large UK businesses hit by cyber breach or attack in past year
GOV.UK (press release) 08May16
UK cyber security specialist Darktrace seek $400m valuation
Telegraph 09Apr16
British cybersecurity startup goes from hiring former spies to students as it looks to grow to the size of Autonomy
Business Insider 29Oct15
Why a 23-month-old UK cyber security startup is worth more than $100 million
Business Insider 22Jul15
NEW MIKE LYNCH VENTURE TAKES BROERS BUILDING SPACE
cambridgecleantech.org.uk 12Dec12
5/19/2019 12:43:08 PM

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