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Darktrace disputes this, saying it only learned of the accusation in February 2018. Poppy Gustafsson is the chief executive officer for EMEA of the cyber defense company Darktrace. Poppy is a co-founder of Darktrace, the worlds leading artificial intelligence company for cyber defence, which under her leadership has reached a $1.65 billion unicorn valuation in under five years, as well as being named Europes Fastest Growing Super Scale-up by Tech Tour. Nicole Eagan is Chief Strategy Officer and AI Officer of Darktrace. All rights reserved. She and the other founder were named team of the year 2017. From a technological perspective, Dacktrace has launched a new product that allows their clients to respond automatically to threats once identified by the Enterprise Immune System. We spoke to Poppy Gustafsson OBE, CEO, Darktrace ahead of London Tech Week 2022 (13-17th June 2022), to discuss the reasons behind her involvement as an amba. facing extradition to the US on fraud charges, the most recent injection coming from Vitruvian Partners. Darktrace adds there were contradictory reports of what took place, with some allegations impossible to confirm. Above them, a monitor tracks sales wins: happy faces for staff performing well, sad for those lagging behind. Max is a cyber security expert with over a decade of experience in the field, specializing in a wide range of areas such as Penetration Testing, Red-Teaming, SIEM and SOC consulting and hunting Advanced Persistent Threat (APT) groups. Management thought [the videos] were hilarious. Cathy has more than two decades of professional experience in financial disciplines and has served at the helm of several businesses throughout periods of rapid growth and capital structure evolution. He kept the sales managers in check, adds another. With over 20 years experience of software engineering, Jack is responsible for overseeing the development of Bayesian mathematical models and artificial intelligence algorithms that underpin Darktraces award-winning technology. The Cyber Challenge: Innovating Our Way Out | Poppy Gustafsson [10], In April 2021, Darktrace listed on the London Stock Exchange with a market value of circa 2.5 billion. Current positions of Poppy Gustafsson. [16] Quintessential pointed towards connections between Darktrace and HP Autonomy, the UK software company with which Darktrace shares many ties. Only this talk would prove to be bittersweet. 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So embedded was Hussain in Darktraces culture that he appeared in amusing video skits designed to galvanize staff. She has an extensive range of industrial experience. 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. 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. He has conducted intelligence analysis and assessment in operational theatres across the world, becoming a senior intelligence officer. Poppy Gustafsson sits at the apex of a global cybersecurity organisation worth $1.65bn, with 40 offices, 900 staff and 2,500 clients. John Phillips / Getty Images. Cheek denies all allegations and insists the claims are fabricated. In addition to Hussains financial fraud at Autonomy, he also faced allegations of sexual harassment by Darktrace employees. Hussain . 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. 10 Policy Unit. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. For cost savings, you can change your plan at any time online in the Settings & Account section. Podcast - Interview with Poppy Gustafsson, CEO of Darktrace Mount Fuji. Now, that company is worth 1.26bn($1.65bn), achieving unicorn status in just four years. Stephen Shanley joined KKR in 2014 and is head of KKRs Technology Growth Equity business in Europe. Maxs insights are regularly featured in international media outlets such as the BBC, Forbes and WIRED. After having a successful commercial career, he moved to the UK in 1996. On 6 March 2022, Darktrace opened with a share value of 6.46, with a market cap of 3.43 billion. Sir Peter is an elected Fellow of The Royal Academy of Engineering. Autonomy founder Mike Lynch loses appeal against extradition to US A Shifting Email Conversation: Email Security is Stuck Looking to the Past, How Self-Learning AI protects McLaren Racing from supply chain attacks. The company was established in 2013 and is headquartered in Cambridge, England, and San Francisco, California, United States. During his time there Hussain was hailed as a big shot by The Times of London and received the FTSE 100 Financial Director of the Year award in 2010. 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. When we first started, cyber security was all about trying to keep the bad guys off the network, she says, predictably over a pot of English Breakfast tea, in a central London hotel dining room. 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. The company needs to contract cyber technologists, salespeople, developers, and analysts among others. Prior to that Patrick spent over 15 years at Dresdner Kleinwort ultimately as Co-head and then Chair of Global Debt Origination. Yet, the proverbial pot of gold awaits Hussain at the end of any sentence the court may impose.. Darktrace. 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. 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. Poppy served as Chief Financial Officer and Chief Operating Officer for Darktrace. Poppy is a qualified chartered accountant and previously served as the companys CFO. Poppy Gustafsson: the Darktrace tycoon in new cybersecurity era Poppy Gustafsson OBE - Darktrace Without any more guidance from Hussain, business, they say, has been booming. We have built this hugely successful company, says Gustafsson, of her and Eagans leadership. Learn how your comment data is processed. This site uses Akismet to reduce spam. 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. Earlier this week, Lynch submitted himself for arrest, in what his lawyers described as a formality in the extradition process. 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. They didnt even have screens to display this content and the person parking would never have known. The Darktrace threat visualiser, providing a graphical visualisation of the spread of unusual activity from an infected device. In 2010, Mike merged his intelligence and technology experience to run cyber defensive operations for UK government, including working on the implementation of the national cyber security strategy and protecting the London 2012 Olympic Games. 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. Launched in Cambridge eight years ago by an unlikely alliance of mathematicians, former spies from GCHQ and the US and artificial intelligence (AI) experts, Darktrace provides protection, enabling businesses to stay one step ahead of increasingly smarter and dangerous hackers and viruses. Poppy believes that through collaboration with the group, they can develop cybersecurity solutions for the Internet of things technologies. Ms. Gustafsson received an undergraduate degree from The University of Sheffield. Former Darktrace board member Sushovan Hussain (above) is appealing a five-year prison sentence for his role in the disastrous HPAutonomy deal. Invoke told Forbes it took action, but declined to provide details. [23], Darktrace has claimed that it has the capability to defend against zero-day attacks, for example some log4j attacks. 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. Its just an example of the ever-increasing problems. It is as if women dont get to run their own show.. She was named Vodafone's Woman of the Year for Technology and Innovation in 2020, Tech Businesswoman of the Year at the UK Tech Awards 2019 and won the . Poppy has led Darktrace to achieve a variety of accolades, such as being named Europes 9th Fastest Growing European Company by The Financial Times, as well as Fastest Growing Super Scale-up by Tech Tour. 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. For her, satisfying the demand for immune system technology on a global dais is no small task. Businesses are rightly worried about Russian cyber attacks - CNBC We examine how AI can be applied to real-world problems to find new paths forward, Innovating Cyber Recovery - Key to Cyber Resilience, Rapid Process-Chain Anomaly Detection Using a Multistage Classifier, Sorting long lists of file names by relevance and sensitive content. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. Gordon also is Non-Executive Chair of the PE funded services business, Marston Holdings, and a Non-Executive Director of Motorpoint Plc. The mountain, which is actually an inactive volcano, has the highest peak in Japan at 3,776 meters (12,388 feet) tall. Premium access for businesses and educational institutions. Indeed, in a letter written by Cheek to the judge in Hussains case, the American refers to Hussain as his dear friend, with whom he regularly went running, and goes so far as to compare him to Santa Claus. Darktrace refuses to comment on specifics, citing legal limits to what were allowed to discuss., Co-CEO Eagan, who says she herself was once a victim of sexual assault at a previous job, says Darktrace management took the harassment claims seriously, investigated and ultimately did the right thing. [19] It employs an autonomous response technology, Antigena, to take action against in-progress cyber-attacks. His current roles include President of the Resolution Foundation and Chair of the Foundation for Science and Technology, together with serving on several company boards. In January 2022, Earl questioned Darktrace's model and culture, warning clients that the company's model was "watery-thin", based more on sales style than business substance. Europe, Menlo Park, China), Where the person is located (e.g. cookies In 2015, she was named as Northern Virginia Technology Councils Public Company CFO of the Year and has most recently been included in the Washington Business Journals 2018 list of Women Who Mean Business. Cathy will lead Darktrace through an exciting period of continued growth and technological innovation. Invoke and Darktrace also share the same floor in open-plan London offices. 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. Poppy frequently speaks to the community of European investment and hence her good relationship with the United Kingdom. [9], In March 2022, Darktrace acquired Cybersprint, a Dutch attack surface management company, for 47.5million. [28] In 2022, Darktrace won the AI & Machine Learning Award[29] at the 2022 Go:Tech Awards. Nicole identifies and shapes Darktraces strategic plan, leads the Companys AI vision together with our CTO, and provides product strategy and direction. Lynch, who could face a maximum prison sentence of 25 years if found guilty, denies any wrongdoing. Moreover, Poppy is a co-founder of the 3-year-old Darktrace, and she has previously served as the CFO of the company. Darktrace warns of rise in AI-enhanced scams since ChatGPT release, Capita admits customer data may have been breached during cyber-attack, International sting takes down online marketplace of stolen identities, Darktrace boss defends UK cybersecurity firm amid short-seller attacks, Capita blames cyber-attack for outage as company races to restore IT systems, Advice for Darktrace: dont complain, just explain, Darktrace shares fall below IPO price as new client sign-ups slow, Russian hackers target security cameras inside Ukraine coffee shops, Darktrace shares slump after takeover talks collapse, Failed IT systems at Capita fuel fears of cyber-attack on crucial NHS provider, how we can find the future Poppy Gustafsson and more like her. and other data for a number of reasons, such as keeping FT Sites reliable and secure, He works closely with the R&D team at Darktraces Cambridge UK headquarters, leading research into new AI innovations and their various defensive and offensive applications. Prior roles also include financial controller positions in the technology. Capita plc has a turnover of c4.5bn, employs 65,000 people, and spans numerous markets and sectors including Financial Services and Banking. They deny claims from one former employee that Hussain was seen as everyones boss boss.. Jody Scheckter is married to Clare, and they have six children together: Toby, Tomas, Hugo, Freddie, Ila, and Poppy. While she did enough to get her by, she always thought that she would put in more effort later in life. She spearheaded the Samsung SDS partnership. Darktrace's Poppy Gustafsson on how she built 1.26bn - Telegraph According to prosecutors, Hussain is living, on bail, in a $7,500-per-month San Francisco penthouse apartment. [9], Many of Darktrace's management personnel, including chief executive Poppy Gustafsson, chief technology officer Jack Stockdale, and chief strategy and artificial intelligence officer Nicole Eagan, were recruited from Autonomy. Research unlocks the unknowns; it also helps shed light on what we are collectively up against. Poppy and her team were recognized for their vision, strategy, and the disrupting innovation behind Al technology Darktrace. The culture in the California office was troubled, according to eight former Darktrace employees. Her extensive career in technology spans 30 years working for Oracle and early to late-stage growth companies. Weve never been happy with just sort of following the status quo and doing things, you know, 2% better than the last product. He holds a first-class degree in Computer Science from the University of Plymouth. Hussain,Lynch and current Darktrace co-CEO Eagan cofounded Invoke Capital, the venture capital company that helped get Darktrace off the ground. And Lynchs American trialone that will be shared with Chamberlainhasnt even started. Poppy Gustafsson at a tech conference in London. This is nothing to do with Darktrace," says Gustafsson. The Playback API request failed for an unknown reason. Prior to joining KKR, Mr. Shanley was with Technology Crossover Ventures in Palo Alto, California and subsequently London. We use 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. Moreover, Poppy is a co-founder of the 3-year-old Darktrace, and she has previously served as the CFO of the company. She was named Europe's 9th 'Fastest Growing European Company' by The Financial Times and named 'Fastest Growing Super Scale-up' by Tech Tour. Carolyn joins Darktrace with over 20 years of experience in corporate affairs across a range of diverse sectors. Poppy was awarded an OBE (Officer of the Order of the British Empire) in 2019 in recognition of her services to cyber security. She also complained that despite the female-led success of Darktrace, when the company is written about, the only name that seems to get mentioned is the founder, Mike Lynch. Han joined Summit Partners in 2004 and today manages the firms London office. Podcast Host, Russell Goldsmith (top right) and Tyto's Brendon Craigie (bottom) chat with Darktrace's Poppy Gustafsson. With over 10 years experience he's covered businesses, CEOs, and investments. One of the originals in a now-saturated market, Autonomy was a sought-after property, one on which HPs ex-CEO Lo Apotheker took a $10.3 billion gamble. Poppy needs to keep a personal connection with every employee, which is very challenging due to their huge numbers.