London — Darktrace, the British cybersecurity company that listed in April, increased its growth forecast for its 2022 financial year for the second time in as many months on Wednesday, reflecting strong demand for its artificial intelligence -driven products.
Its operating loss, however, increased to $38.5m from $24.9m the previous year, mainly on costs associated with the listing. Shares in the Cambridge-based company were trading up 7% at 690p in London, giving the company a market value of £4.8bn.“In this new era of cyber threats, Darktrace is helping organisations from every industry sector, including providers of critical national infrastructure, to protect their digital assets, and avoid the serious disruption that cyberattacks can cause,” she said.
Gustafsson said Darktrace found an existing serious breach in 77% of customer networks when its technology was first deployed, and said the threat was ever evolving.
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