The British cybersecurity startup Darktrace confirmed its intent to float an IPO back in mid-April. It made its debut on the London stock market on the morning of 30th April, with an IPO issue price of 250p, which valued the company at £1.7 billion. However, soon after the listing, the share price went up by a notable 43 percent. The new startup shows high promise and here are five things you should know about it.
Self learning cybersecurity
Darktrace’s services use machine learning and AI algorithms to counter cyber threats across diverse digital technologies, including the cloud and networks, IoT and industrial control systems. The company employs self-learning technology that is touted to require minimal set-up and can swiftly identify threats. It claims to be the world’s leading autonomous cyber defense platform that enables real time response to cyber threats.
Debut day rise
Darktrace is listed on the London stock exchange under the name “DARK.” On April 30, the company’s shares were made available at an issue price of 250p. However, at around 8:15 AM London…
