Darktrace - Most Innovative Tech Company of the Year
Company: Darktrace, San Francisco, CA
Company Description: Darktrace is a world-leading cyber-threat defense company. Its Enterprise Immune System technology automatically detects and responds to emerging threats, powered by machine learning and mathematics developed at the University of Cambridge. Darktrace models the ‘pattern of life’ of every device, user, and network in an organization, identifying and mitigating cyber-threats before damage is done.
Nomination Category: Company / Organization Categories
Nomination Sub Category: Most Innovative Tech Company of the Year - Up to 2,500 Employees
Nomination Title: Darktrace
Tell the story about what this nominated organization has achieved since January 1, 2016 (up to 650 words). Focus on specific accomplishments, and relate these accomplishments to past performance or industry norms. TEXT REDACTED FOR PUBLICATION
Cyber security is an almost impossible problem to solve. Legacy methods, which rely on rules and signatures, can only protect against previously seen and identified threats. Dealing with today’s rapidly shifting attack landscape, however, requires a technology that can defend against the unknown. Darktrace’s Enterprise Immune System embraces the uncertainty and unpredictability of sophisticated, new threats, ushering in a new approach to network protection. For the first time, enterprises can proactively counter these evolving threats as they emerge across a variety of network types.
Darktrace’s Enterprise Immune System uses unsupervised machine learning to discover the ‘pattern of life’ for every network, device, and individual user, modeling these entities as they go about their normal, day-to-day operations. It then employs powerful correlation techniques to classify and cross-reference these models, in order to establish an accurate understanding of what is normal and abnormal at any one time and to spot live, in-progress threats. This revolutionary approach to anomaly detection enables organizations to shift from reactive to proactive cyber defense.
A world leader in cyber-threat defense, Darktrace has continued to reinvent the conversation around cyber security. In 2016, Darktrace further strengthened its Enterprise Immune System technology with a novel application of extreme value theory that resulted in enhanced threat detection—the company has now reached a total of 48,000 detected threats.
2016 also marked the extension of Darktrace’s Enterprise Immune System’s functionality to cloud, SaaS, and other virtual environments that present blind spots to traditional security approaches. Darktrace’s pioneering V-Sensors, OS-Sensors, and SaaS connectors made it possible for security operators to integrate their threat detection capability across the multiple parts of their network infrastructures. Organizations can now expand their virtual networks with the confidence that they will be secure.
In addition to defending increasingly complex network infrastructures, one of the biggest challenges of cyber security today is responding at the right speed. Most organizations are reliant on human specialists who, even with the best detection tools, can only move so fast. Ransomware is a good example of an attack that continually outpaces security teams – humans simply cannot intervene quickly enough to avoid serious damage. Darktrace’s R&D teams recognized that to keep up with today’s threats, defenders must be equipped with self-learning technologies.
2016 saw the launch of Antigena, the world’s first autonomous response technology. Antigena extends Darktrace’s proprietary mathematics to the realm of self-protection, making it possible for networks to defend themselves by autonomously selecting and executing the most effective action to take at the first sign of threat. Antigena functions as a ‘digital antibody,’ completing the end-to-end functionality of the Enterprise Immune System by intelligently neutralizing threats.
The ability to turn out these new developments at a rapid pace and to be at the forefront of cutting-edge R&D sets Darktrace apart in an intensely competitive cyber security space. In July of 2016, the company gained $65 million in Series C funding from KKR, a testament to the unparalleled success of our technological innovations. The company also gained $75 million in Series D funding from Insight Venture Partners, Summit Partners, KKR and TenEleven Ventures. Additionally, our recent partnership with Samsung SDS, targeted towards further developing security solutions for the Internet of Things, marks another way that Darktrace is pushing past the limitations of old notions of cyber defense. .
It is fitting, then, that Darktrace has received widespread recognition as a technological pioneer. Recipient of the Queen’s Award for Innovation in April and winner of 35 awards in 2016 alone, Darktrace has of late been named ‘Best Disruptive Technology’ by Business Weekly and included on the Digital Innovators Power List 2016 and the Wall Street Journal Top 25 Tech Companies to Watch List of 2017. With the US customer base growing 300% from 2016 to 2017 and a total contract value of over $200 million, Darktrace's technology is rapidly becoming the gold standard for defense.
2016 marked a new era in cyber security. As today’s cyber-attacks become increasingly swift and sophisticated, Darktrace is committed to bringing our customers the leading technologies in threat defense. Our stream of innovative developments allows organizations to protect their assets from ever-evolving threats, while staying open to a free-flow of information.
In bullet-list form, briefly summarize up to ten (10) of the chief accomplishments of this organization since the beginning of 2016 (up to 150 words).
• Gained $65 million dollars in Series C funding from KKR
• Gained $75 million in Series D funding from Insight Venture Partners, Summit Partners, KKR and TenEleven Ventures
• Partnered with Samsung SDS to further develop cyber security solutions for Internet of Things technologies, including connected devices
• Partnered with Siemens to expand the Industrial Immune System into the ICS environment
• Launched Antigena, the first truly automated, self-defending cyber security system
• Released V-Sensors and OS-Sensors, which extend the capability of Darktrace’s Enterprise Immune System to cloud and other virtual environments
• Extended the coverage of self-learning technology to SaaS applications, including Salesforce.com, Box, and Office 365
• Won over 35 awards, including the Queen’s award for Enterprise Innovation, and a Business Weekly Award for ‘Best Disruptive Technology.’
• Named to the Wall Street Journal’s Top 25 Tech Companies to Watch in 2017
• Feature speaking slot during December’s TechCrunch Disrupt in London
• Reached a total of 48,000 detected serious cyber incidents
• Strengthened existing Enterprise Immune System technology by enhancing threat detection, the Darktrace API, and Incident Case Management features
• Garnered over 300 pieces of media coverage globally
Of the following types of innovation, which ONE do you want the judges to most appreciate about your organization's story of achievement since the beginning of 2016?