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Multimillion-dollar Darktrace contract renewed with leading semiconductor company

Darktrace has announced that a leading global technology company has renewed its contract in a multimillion-dollar deal.

user iconReporter
Mon, 21 Feb 2022
Multimillion-dollar Darktrace contract renewed with leading semiconductor company
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The company, which has tens of thousands of employees working across labs and manufacturing sites worldwide, 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, faces a growing level of attacks from both 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 designed to spot and stop never-before-seen attacks, whether these are insider threats or advanced, nation-state-led attempts to compromise data. The sheer volume of attacks today cannot be managed by humans alone – AI is needed to rapidly and precisely catch threats before these escalate.

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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.

According to Poppy Gustafsson OBE, CEO of Darktrace, defending the semiconductor industry is critical for 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.

"I am very happy that this leading innovator has extended its contract with us, indicating the value that our AI-powered technology brings to the business," Gustafsson said.

[Related: AWS expands cloud infrastructure Local Zones in Brisbane and Perth]

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