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Poppy Gustafsson is the CEO of Darktrace. BI Prime: Poppy Gustafsson is the 35-year-old CEO of Cambridge-based cybersecurity firm Darktrace, which was recently valued at $1.65 billion. A Shifting Email Conversation: Email Security is Stuck Looking to the Past, How Self-Learning AI protects McLaren Racing from supply chain attacks. Poppy Gustafsson, who says her company is never happy just following the status quo. As a $5 billion civil fraud suit brought by HP in the U.K. rumbles on, the U.S. has pressed ahead with criminal charges in what prosecutors say is the largest fraud case in the history of the Northern District of California. So embedded was Hussain in Darktrace culture that he appeared in amusing video skits designed to galvanize staff during yearly sales meetups at grand locations. However, he remained on its advisory council until last month, when he moved to a newly created science and technology council. Darktrace was built from ex-Autonomy staff, including Gustafsson, and in 2018 it was subpoenaed by US authorities for information about Invoke, warning there was a risk of money-laundering claims if its backing money included cash from the Autonomy sale. [11][12] The market value reached a peak of 7 billion within months, with a share value peak of 10, but later fluctuated. Achieving unicorn status in 2018, in 2020 Darktrace has offices across Europe, North America, the Middle East, Asia and Latin America. Talis Capital led the company's Series A in 2015. You may opt-out by. Pauls previous roles include CFO of the online food marketplace Just Eat plc, Group CFO of software company The Sage Group plc, both FTSE 100 businesses, and CFO of data solutions company WANdisco plc. "But I want to make sure they continue to feel a part of . Nicole identifies and shapes Darktraces strategic plan, leads the Companys AI vision together with our CTO, and provides product strategy and direction. Through this period Gordon was instrumental in managing acquisitions, large outsourcing deals, and building a team of commercially-focused Finance Directors to enable continued development of the business. Poppy was awarded an OBE (Officer of the Order of the British Empire) in 2019 in recognition of her services to cyber security. Chamberlain is today Darktraces operations manager, even if his LinkedIn page doesnt note any affiliation with the firm. In her previous role, Carolyn spearheaded communications across Europe, the Middle East and East Asia for the Bill & Melinda Gates Foundation, the worlds largest private philanthropic organisation, working on global health and development issues. Eloy holds a degree in Electrical Engineering from Stanford University, California. This is nothing to do with Darktrace," says Gustafsson. Take a country's power supply. Moreover, Poppy is a co-founder of the 3-year-old Darktrace, and she has previously served as the CFO of the company. Above them, a monitor tracks sales wins: happy faces for staff performing well, sad for those lagging behind. He doesnt get, Read More 10 Things You Didnt Know about Chiniere Energy CEO Jack FuscoContinue. Paul has held senior positions at several high growth, public technology companies in the UK and internationally. According to the Financial Times list of 1,000 fastest growing companies in Europe last year, Darktrace was ninth, ballooning in size by 4,829 per cent. While guiding Darktrace on its meteoric rise into becoming a global leader, she had two children, now aged three and six. These are possible outcomes and we are only now starting to wake up to the reality that this could happen in many countries around the world. He was Minister for Universities and Science within the Department for Business, Innovation and Skills from 2010 to 2014, and previously held roles within HM Treasury and the No. Poppy Gustafsson sits at the apex of a global cybersecurity organisation worth $1.65bn, with 40 offices, 900 staff and 2,500 clients.. As CEO and one of the founders of Darktrace, she works with . With her extensive experience and education, she has been at the forefront of the instigating growth of this innovative, technology company. James qualified as a solicitor at Linklaters in 2001 before working in the corporate department there for several years advising blue chip clients on major transactions. The alleged incident took place at a dinner for top salespeople at Manhattans upscale Japanese restaurant Nobu, two former staffers who knew of the event recalled. Poppy Gustafsson OBE serves as the Chief Executive Officer of Darktrace, which under her leadership, has reached a $1.65 billion valuation in less than five years. Max holds an MSc from the University of Duisburg-Essen and a BSc from the Cooperative State University Stuttgart in International Business Information Systems. It has found hackers in strange places before, including an internet-connected fish tank. Darktrace says its liability in this regard is low-risk in IPO registration documents. Its only something Im aware of when Im doing interviews or when Im at an industry event and suddenly you see a sea of men staring back at you, she has previously said. Jack and his development team in Cambridge were recognized for their outstanding contribution to engineering by the Royal Academy of Engineering MacRobert Innovation Award Committee in 2017 and again in 2019. He is also Director and Chair of Audit at TSMC in Taiwan, on the Board of Imagination Technologies in the UK and on the US Board of the EastWest Institute, an international not-for-profit think tank. They say Hussain was worth at least $60 million and likely much more, noting Lynch had bestowed on his old finance chief 193,188 shares of ICP Darktrace Holdings worth approximately $58 million and 215,000 shares of ICP Holdings that may be worth even more. (Hussains legal team disputes the valuation, saying the shares were effectively worthless because sales of them were severely restricted and the government itself has, by its threats and allegations, made it impossible for Mr. Hussain monetize his shares.) Hussain sold some of those ICP Darktrace Holdings shares to Lynch in 2018 and 2019 to pay legal fees and deposited $182,627 with the California Northern District Court to get bail, though he can expect them back as long as he doesnt flee the country. On 6 March 2022, Darktrace opened with a share value of 6.46, with a market cap of 3.43 billion. The case discusses how Poppy Gustafsson (Gustafsson) (she), Cofounder and Chief Executive Officer of Darktrace plc, one of the world's largest cyber-AI companies, is reinventing enterprise security by using artificial intelligence (AI) to detect and respond to cyberthreats to businesses and protect the public. His 21-year-old daughter Ila died on October 17, 2019. Hussain . She spearheaded the Samsung SDS partnership. The rise of state-sponsored attacks has made Gustafsson acutely aware of just how reliant countries are on their national infrastructure running smoothly. Name. The culture in the California office was troubled, according to eight former Darktrace employees. This presents an opportunity for a foreign interruption. Darktrace customers protect their organizations with the Cyber AI Loop. Poppy is a qualified chartered accountant and previously served as the companys CFO. Two othersAutonomy founder and ex-CEO Mike Lynch and former finance vice president Steve Chamberlainwere also charged, but Lynch has yet to appear in court and a U.S. request for the extradition of Lynch is pending in the U.K. Gustafsson and Eagan say they have little interaction with Hussain today, though the former acknowledges his early influence. For a full comparison of Standard and Premium Digital, click here. She has prior experience in financial controller positions in the technology and venture capital sectors and was named City A.M.s Entrepreneur of the Year 2017. [14], On 31 January 2023, Quintessential Capital Management[d], a New York-based hedge fund and short seller, published a detailed report alleged potential accounting errors at Darktrace, making claims about potential irregularities in contracts with resellers and customers, predominantly dating from before Darktraces public listing in 2021. He has been on the Board of Featurespace since November 2014, and prior to that, he joined Capita in 1988 and was first appointed to the Board as Commercial Director in February 1996. In upmarket offices off Londons Trafalgar Square, a short walk from Parliament, rows of Darktrace employees are working the phones, flogging the startups artificial intelligence software, which hunts down hackers on the networks of major businesses. All rights reserved. Darktrace plc Type Public Traded as LSE: DARK FTSE 250 component Founded 2013 ; 10 years ago (2013) Headquarters Cambridge, England, and 555 Mission Street, San Francisco, California, U.S. Key people Gordon Hurst (Chairman) Poppy Gustafsson (CEO) Services Cybersecurity Revenue US$ 415.5 million (2022) Operating income US$7.6 million (2022) Net income US$1.5 million (2022) Total assets US$729.4 . Check if your The Sekiguchi family was descendants of the Imamkawa family, and his father, Takafune, was from Ikemiya Shrine in Sakura Village (present-day Sakura, Omaezaki, Shizuoka Prefecture). Twitter View on Twitter. Now, that company is worth 1.26bn($1.65bn), achieving unicorn status in just four years. IN A shock result, previously undefeated league leaders Saitama Wild Knights lost 44-25 to Shizuoka Blue Revs, snapping their win streak at 14 games from the opening round of the season. He plays an important role in the latters operations, seeing as how he is one of the co-CEOs, Read More 10 Things You Didnt Know about Scott UknesContinue, When it comes to direct sales, people usually rest on two extreme ends of the spectrum they either love it, or they hate it. Co-founder Nicole Eaganwas recently dragged into controversy surrounding one of its early investors, Mike Lynch, who is facing extradition to the US on fraud charges over the multi-billion pound sale of his software business Autonomy to HP in 2011. Breaking banks teamed up with the creative finance team to create an episode that would bring some of the critical thinking that was presented at the conference. Career. She has also worked as a fund manager in Amadeus Capital Partners and as an assistant manager in Delloite from September 2004 to April 2008. In her talk, she discusses why humans are vulnerable to attackers, how hackers are becoming increasingly innovative and ultimately how cyber AI can help us invent ourselves out of the problem. Prior to joining KKR, Mr. Shanley was with Technology Crossover Ventures in Palo Alto, California and subsequently London. San Francisco Bay Area, Silicon Valley), Total number of current Jobs the person has, Total number of events the individual appeared in, Number of news articles that reference the Person, Poppy Gustafsson, CEO of Darktrace, on Fighting Hackers During the Cybercrime Wave, Poppy Gustafsson: the Darktrace tycoon in new cybersecurity era, Breakingviews - Capital Calls - Darktrace IPO timing looks questionable, Darktrace boss Poppy Gustafsson scoops up top innovation award, Poppy Gustafsson: Lockdown has fuelled a cyber crimewave, Six Statistics That Highlight The Challenges Facing Britain's Female Entrepreneurs, A cybercrime epidemic drives businessand fundingto cybersecurity. "Beforehand, security was about keeping the bad guys . To create distance, Lynch stepped down from Darktraces board in 2018. You can still enjoy your subscription until the end of your current billing period. In fact, she accompanied the UK Prime Minister Theresa May, to India on a trade mission recently. Searching for an explanation as to why this incident occurred, Ms Gustafsson struggles to find one. He had a long and distinguished career in the intelligence community, working overseas developing cutting-edge capabilities to defend national interests against a range of threats. Or it could be the bedroom hacker looking to showcase their talents.. Gustafsson has for the most part remained tight-lipped about her former boss, the financial backer instrumental in her rise at Darktrace, rejecting the idea that London may have been chosen over the US for a flotation because of Lynchs situation. She was named City A.M.s Entrepreneur of the Year 2017. [8] In its stock market listing registration documents Darktrace rated the potential liability relating to the fallout of the action against Lynch as "low risk". university "Losses widen at security start-up Darktrace as it embarks on hiring spree", "Darktrace AI Stops Cyberattack Exploiting Log4j Vulnerability at Global Financial Services Provider", "The World's 50 Most Innovative Companies of 2018", "TIME100 Most Influential Companies 2021: Darktrace", "The 10 most innovative companies in artificial intelligence of 2022", "Winners announced at the 2022 Go:Tech Awards - Business Leader News", "DARKTRACE WINS ARTIFICIAL INTELLIGENCE AWARD AT 2022 GO:TECH AWARDS", "Darktrace signs to McLaren for 2020 F1 season", "McLaren Racing - McLaren Racing announces extended and enhanced partnership with Darktrace", https://en.wikipedia.org/w/index.php?title=Darktrace&oldid=1146170209, This page was last edited on 23 March 2023, at 05:19. All rights reserved. Simply log into Settings & Account and select "Cancel" on the right-hand side. 10 Things You Didnt Know about Chiniere Energy CEO Jack Fusco, 10 Things You Didnt Know About Andrew Bialecki, 10 James Bond-Like Surveillance Gadgets that Actually Exist, 10 Things You Didnt Know about Ronald P. OHanley, 10 Things You Didnt Know about Scott Uknes, The Five Most Profitable Direct Sales Companies in the World, The 20 Best Places to Live in Massachusetts, How to Get Cash from Your Vanilla Visa Gift Card, Five of the Top Watches That Cost Around $100,000. Darktrace was built from ex-Autonomy staff, including Gustafsson, and in 2018 it was subpoenaed by US authorities for information about Invoke, warning there was a risk of money-laundering claims . Under her leadership, the company has experienced significant growth and global expansion, with 5,500 customers and 1,600 employees worldwide. However he does like to take on other topics involving some of his personal interests like automobiles, future technologies, and anything else that could change the world. In 1838, his father Takafune was entrusted with the power of his father and moved to . What is clear is that long after the complaint, Hussain was still able to call in favors. The shares then fell a further 8 per cent the following day, after the report was published, down to 200p. Poppy Gustafsson runs a cutting-edge and gender-diverse cybersecurity firm on the brink of a 3bn stock market debut, but she is happy to reference pop culture classic the Terminator to help describe what Darktrace actually does. Rather than get bogged down with the legal debacle that ensued, Hussain joined ex-Autonomy execs, including Lynch and Eagan, as founding members of Invoke in summer 2012, a matter of months before HP first alleged financial irregularities. One round-up . Crime can never pay. As CEO and one of the founders of Darktrace, she works with some of the most powerful companies on the planet, including eBay, BT, BNP Paribas and T-Mobile. She was named CEO of the Year at the 2021 Digital Masters Awards and Tech CEO of the Year at the UK Tech Awards 2021. Founded in 2013, Darktrace is recognised as the world's leading cyber security AI company. Poppy Gustafsson founded Darktrace, a UK startup that uses artificial intelligence to address cybersecurity issues, with a team of mathematicians, technology specialists, and former intelligence agents. Poppy Gustafsson is the Chief Executive Officer of Darktrace plc. facing extradition to the US on fraud charges, the most recent injection coming from Vitruvian Partners. Sales team members would also have to give Hussain mock pitches, as if they were trying to hawk Darktraces artificial intelligence software to a real customer. Like Hussain, both Lynch and Chamberlain have been deeply involved in Darktraces development. Gustafsson and other Darktrace executives, despite the charges, attended. They deny claims from one former employee that Hussain was seen as everyones boss boss.. Gustafsson, whose choice of transport is a canary yellow Vespa and has said her one regret is not putting more time into learning the piano, is laser-focused on ensuring Darktrace has a legacy all its own. Along the way, Gustafsson has breezed through investment pitches, securing some $230m, the most recent injection coming from Vitruvian Partners, with help from KKR and 1011 Ventures. Poppy has worked as a corporate controller at Cambridge-based software company HP Autonomy and Invoke Capital from February 2013 to December 2014. The Autonomy co-founder is fighting extradition to the US, where he is accused of fraudulently inflating the value of the company before its 8.4bn sale to Hewlett-Packard in 2011. Does that mean Im getting old?. Poppy is a co-founder of Darktrace, which under her leadership has reached a $1.65 billion valuation in under five years and was named Europe's 'Fastest Growing Super Scale-up' by Tech Tour. Cathy Graham is Darktraces Chief Financial Officer. In July, under Poppy Gustafsson management, Darktrace has raised a further $65 million in funding from investors including Softbank, KKR, and TenEleven ventures. journalists in 50+ countries covering politics, business, innovation, trends and more. Cyber-security firm Darktrace has said it intends to list its shares on the London Stock Exchange. She has an extensive range of industrial experience. (modern). Gustafsson has just been nominated for the New Generation prize at the Veuve Clicquot Business Woman awards. In the world of FinTech, the innovative finance, global summit has become a crucial event to attend, and consequently, Poppy Gustafsson obliged to the invite. To be nominated gives what we do great validation, she says. She is a qualified chartered accountant and holds a BSc in Mathematics from the University of Sheffield, where she was also awarded an honorary degree in Doctor of Science in recognition of outstanding achievements in the field of Cyber Security in 2022. She previously directed global communications at Logica, a multinational IT and business consultancy company listed on the London Stock Exchange. It was an office Hussain was familiar with, having worked closely with the sales team there, including Cheek, sources who were there at the time confirm. In 2009, she moved to Mike Lynchs Autonomy, a business that would become inextricably intertwined with Darktrace, for a two-year stint, before the cybersecurity company was born. For more information, please see our. Also referred to as the Oscars of the Technology Industry, the Enterprise Awards acknowledge the very best of the entrepreneurial talent in the UK. External member of the Darktrace Community, Copyright 2022 Darktrace Holdings Limited. Mike has spent 18 years working in technology, security and risk operations. Sir Peter is an elected Fellow of The Royal Academy of Engineering. When living in Germany, he was an active member of the Chaos Computer Club. The truth is that for the right type of personality, Read More The Five Most Profitable Direct Sales Companies in the WorldContinue. Based in San Francisco, he works closely with Darktraces R&D team to develop its world-leading Self-Learning AI, and oversees the technologys strategic direction in the US, Latin America and Canada. Of course, you get it wrong all the time, but thats sort of ok., The world that her daughters grow into will be vastly different to the one they were born into. In conclusion, Poppy Gustafsson is one of the brains behind Darktrace. In addition to Hussains financial fraud at Autonomy, he also faced allegations of sexual harassment by Darktrace employees. In another episode, during a reorganization of the office, Cheek made a lewd comment to a colleague whod changed out of a dress and into jeans, two former employees claim. Attacks are getting faster and they are getting more sophisticated. Poppy is a co-founder of Darktrace, which under her leadership has reached a $1.65 billion valuation in under five years and was named Europes Fastest Growing Super Scale-up by Tech Tour. and other data for a number of reasons, such as keeping FT Sites reliable and secure, She was the winner of the Veuve Clicquot Business Woman Awards 2019, and recognized in Management Todays 35 Women Under 35 list in 2018, whose alumnae include Martha Lane Fox and Karen Blackett. He is currently Chairman of Netherlands-based NXP, a world leading semiconductor company. Poppy Gustafsson, co-CEO of Darktrace, is a qualified chartered accountant and former CFO of the cybersecurity firm. It could be foreign nation states trying to influence global outcomes such as weve seen around the US elections. For Gustafsson, being a female entrepreneur in a male-dominated industry brought it own challenges. In my time here at Darktrace, Ive seen attackers try [to] use things like Teslas parked in the office car park, [internet-connected] fish tanks in casinos, and fingerprint scanners on the doors of warehouses, all as a sort of new and novel way into businesses.. Its not going to be these futuristic Terminator-style robots out shooting each other, its going to be all these little pieces of code fighting in the background of our businesses. You would just never think that people would bother to do that kind of thing, but they do.. Garrett by trade is a personal finance freelance writer and journalist. The problem is that Lynch, whose Invoke Capital was Darktraces first and biggest shareholder, has always had a significant influence on the business. The founders of Darktrace including Poppy Gustafsson have been named the Team of the Year at the Awards held in London at the Dorchester. Any changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel. Darktrace was founded in 2013 in Cambridge, in a collaboration with the British intelligence agencies[5] and Invoke Capital, a company owned by Mike Lynch. We have done so much and the technology has come so far, it feels like we have been doing it forever. [23], Darktrace has claimed that it has the capability to defend against zero-day attacks, for example some log4j attacks. And we are both fiercely, fiercely proud of this business and what it has achieved. Gustafsson and Eagan, in a two-hour interview at the companys London headquarters, stress theyre firmly in control of the company and have been since they became joint chiefs in October 2016. Flanked by an assistant, Ms Gustafsson is very careful about how she discusses her clients, so in an unnamed city at an unspecified time, something bizarre took place involving parking meters and adult websites. Darktrace employs more than 1,500 staff globally, of which 40% are female including at management level a rarity against an industry average of just 15%. CEO Poppy Gustafsson and CTO Jack Stockdale were appointed were appointed OBEs in the Birthday Honours 2019, in recognition of their services to cyber security. But, for Poppy Gustafsson, it is gratifying to step back and reflect on all the talented employees she overlooks and who work all over the world. Cheek denies all allegations and insists the claims are fabricated. Sushovan Hussain, a former Darktrace board member and one-time confidante of the firms co-ceos, is Sushovan Hussain, a former Darktrace board member and one-time confidante of the firms co-ceos, is appealing a 5-year prison sentence for his role in the disastrous HP-Autonomy deal. [20] The product also visualises network activity on a user interface, called the 'Threat Visualiser'. Darktrace Automates Network Security Through Machine Learning. As he remains restricted to travel in northern California, with a GPS tracker wrapped around his ankle because of his conviction in the fraud case, Hussains ties to Darktrace cast a shadow over the young business as it prepares to debut on a bigger stage as a publicly traded company.

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