DarkTrace PLC, the UK-based cybersecurity tech firm has left everyone surprised. The firm that utilizes artificial intelligence for combating cyberthreats lived up to the expectations as stocks rose to new heights on Friday.
“Our company is deeply rooted in the U.K. tradition of scientific and mathematic research so we are especially proud to be listing on the London Stock Exchange,” CEO Poppy Gustafsson said in a regulatory statement. Celebrating the listings on the stock exchange, Gustafsson paid tribute to her Research and Development Centre in Cambridge.
The lists add to the buzzing frenzy that has been given the much-needed boost by the flurry of IPOs in London this year. It also helps in mitigating the concerns that have been popping up across the city that the conglomerates might be losing a bit of their stance after the disappointment received from the meal delivery firm Deliveroo.
DarkTrace AI identified and investigated nationwide cyberattacks before it was publicly delivered to the Chinese cyber-espionage group. APT41 which is a renowned agency lagged the prowess, but in the end, gained the credit due to its accountability and recognition worldwide.