British network security firm Darktrace has raised $18 million (£12 million) from investors Invoke Capital, Talis Capital, Hoxton Ventures and private individuals - "valuing the company at $80 million", said Darktrace.

The company said it will continue its fast global growth and has announced its expansion into the Asia Pacific region.

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Vasile Foca, co-founder of Talis Capital, said: “Darktrace is an extremely dynamic company and an excellent addition to our digital portfolio.

"They have created a truly unique cyber security product and have already shown impressive sales traction."

Darktrace, whose Enterprise Immune System technology protects companies from advanced cyber threats within their networks, has now opened up operations in Asia Pacific.

Sanjay Aurora, who has over 25 years’ experience leading enterprise software firms, will oversee the expansion process in the Asia Pacific region.

Darktrace CEO Nicole Eagan said: “Darktrace is growing at a phenomenal rate. It has been barely a year since we deployed to our first customer and now we have deployments at 75 companies and relationships with 50 international partners.

“Our headcount has tripled over the past year and expansion into Asia is a natural next step.”

Based on advanced machine learning and mathematics developed at the University of Cambridge, and with customers including BT, Virgin Trains and Drax, Darktrace is helping to shift the way cyber security is approached. The market is transitioning to a new model based on early-stage detection of cyber threats that bypass traditional controls.

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