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Darktrace Jumps 40% on IPO

17 pointsby aries1980about 4 years ago

6 comments

frombodyabout 4 years ago
We evaluated them and I was not overly impressed.<p>It seems like their target market is mid-level executives that can be dazzled by fancy marketing.<p>It doesn&#x27;t seem like a bad product, just overly expensive, with largely the same pros and cons as similar vendors.<p>Anyone have any experience with the product in operation, and would you onboard them again if you had to do it all over again?
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nickysielickiabout 4 years ago
Their product is a basic IDS with loads of marketing materials that claim to be driven by AI. Instead of calling it an IDS, they call it an immune system, because the people making purchasing decisions need an ELI5.<p>It&#x27;s a frothy market we&#x27;re having, isn&#x27;t it?
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marc__1about 4 years ago
There are some very interesting nuggets from their IPO prospectus, which if misleading could eventually turn to &#x27;securities fraud&#x27; [1] [2]<p>&gt; Approximately 74% of Darktrace’s trial deployments in 2020 detected serious vulnerabilities that very often had evaded other defences and quickly demonstrate to prospective customers the comprehensive nature of the AI driven technology.<p>&gt;The Cyber AI Platform’s average set up time is one hour and the machine learning gains visibility through software sensors that analyse raw, real-time data.<p>&gt;The Enterprise Immune System and Industrial Immune System use self-learning AI technology to spot the subtle signals of sophisticated attacks and do not rely on traditional rules and signatures to help detect attacks and defend against them. The Cyber AI Analyst product augments human cyber security teams, by automatically triaging, interpreting and reporting on security incidents. <i>The Directors believe Darktrace Antigena is the first solution to use autonomous response to interrupt detected attacks</i><p>[1] <a href="https:&#x2F;&#x2F;ir.darktrace.com" rel="nofollow">https:&#x2F;&#x2F;ir.darktrace.com</a> [2] <a href="https:&#x2F;&#x2F;www.bloomberg.com&#x2F;opinion&#x2F;articles&#x2F;2019-06-26&#x2F;everything-everywhere-is-securities-fraud" rel="nofollow">https:&#x2F;&#x2F;www.bloomberg.com&#x2F;opinion&#x2F;articles&#x2F;2019-06-26&#x2F;everyt...</a>
godelmachineabout 4 years ago
&gt;&gt;<i>that uses behavioural analysis to detect the early signs of a cyberattack on a network</i><p>Have these guys filed for any patents?<p>It’s my belief that if you want to make the cut in the InfoSec business, you gotta bring some core offering of your own to the table.<p>For ex - some groundbreaking algorithm that will help them detect early stages of an attack.
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SilurianWenlockabout 4 years ago
Could someone please explain about how this product works? I cant see online what technical breakthrough they are claiming to have?
SilurianWenlockabout 4 years ago
What sort of things should I read in order to understand (or build) something like darktrace?