Page 12 - Invoke Capital News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Cybersecurity firm Darktrace has confirmed it is considering to float on the London Stock Exchange in a move that will reportedly value the firm at up to £3billion. The Cambridge-based company, which is backed by former Autonomy boss Mike Lynch, is one of the first big tech firms to have chosen London for its planned initial public offering after Deliveroo's flop earlier this month. Darktrace uses artificial intelligence to help companies detect suspicious cyber activity, which has become a pressing issue for many firms as more people work from home.  Cybersecurity demand: With 4,700 clien...

Darktrace Unveils Plans to Go Public on LSE, Undeterred by Deliveroo’s IPO Flop 4 hours ago by Benjamin Godfrey · 3 min read Photo: Depositphotos You have successfully joined our subscriber list. The move by Darktrace to go public in London is coming after the unimpressive market debut by Amazon-backed food delivery company Deliveroo. Darktrace Plc, a Cambridge-based cybersecurity firm, on Monday, announced plans to go public on the London Stock Exchange (LSE), through an Initial Public Offering (IPO). Per the official release, the company is considering applying for the admission of it...

4 Min Read LONDON (Reuters) -Darktrace, the British cyber security firm backed by tech entrepreneur Mike Lynch, fired the gun on its $4 billion London listing on Monday, aiming to raise new funds to accelerate product development and strengthen its balance sheet. The technology company, founded in 2013 in the university city of Cambridge, uses AI to understand IT networks and detect attacks by identifying unusual behaviour. “We are in a new era of attacks...it’s going to be these little pieces of code fighting it out in the background of our businesses,” said Chief Executive Poppy Gusta...

Mike Lynch fraud case casts a shadow over £3bn Darktrace float plan Cybersecurity company admits criminal and civil charges against its founding shareholder "could result in a material adverse effect" 12 April 2021 • 7:08pm The cybersecurity provider Darktrace has warned that the fraud allegations against its founding shareholder, the former Autonomy chief executive Mike Lynch, threaten its prospects as it gears up for a £3bn stock market debut. In documents published as part of the formal process that must be followed before a London float, Darktrace admitted that the criminal and civil...

A prominent Suffolk businessman who faces extradition proceedings to the United States looks set to have to wait until at least May to learn his fate. The...