Cyber security AI specialist Darktrace has clinched another huge deal – this time with a global electronics player.
Darktrace announced that a global technology company, which has not been identified, has renewed its contract with Darktrace in a multi-million-dollar deal.
The company has tens of thousands of employees working across labs and manufacturing sites worldwide and has been using Darktrace’s Self-Learning AI since 2017.
It has elected to continue using Darktrace’s Enterprise Immune System as the semiconductor industry, which has a strong focus on R&D and holds large volumes of commercially sensitive data.
It faces a growing level of attacks from insider-threat and espionage-driven adversaries seeking to steal valuable IP and proprietary solutions.
Self-Learning AI is ideally positioned to address these challenges, as it does not rely on historical attack data but learns “self” for an organisation. It constantly builds on its understanding of “normal”, meaning it is equipped to spot and stop never-before-seen attacks, whether insider threats or advanced, nation-state-led attempts to compromise data. Today’s sheer volume of attacks cannot be managed by humans alone – AI is needed to rapidly and precisely catch threats before they escalate.
This renewal follows the publication of an independent survey of businesses that have trialled, used or currently use Darktrace’s products, conducted by the equity research team at investment bank Berenberg. The survey found not only that 100 per cent of customers surveyed were satisfied with Darktrace’s products, but that 65 per cent expected to invest further in Darktrace’s technology in the future.
“I am pleased that this leading innovator has extended its contract with us, indicating the value that our AI-powered technology brings to the business,” said Poppy Gustafsson OBE, CEO of Darktrace. “Defending the semiconductor industry is critical for our national security, especially at a time when the sector is facing supply shortages. We are proud to be playing a role in the defence of this space with Self-Learning AI, which intelligently detects and interrupts threats while business operations continue as normal.”