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Success Stories


Becoming the world leader in cyber AI

London, UK

Market Opportunity

Ten Eleven was well aware that AI presented a growing opportunity to improve traditional cybersecurity methods.

Darktrace was the original company to apply AI and ML to cybersecurity. Similar to Cylance, Darktrace developed a novel and impactful way of applying AI and ML technology to improve signals meaningfully, automate responses and advance outcomes for enterprises worldwide. In addition to an ingenious application of AI, the company also developed a strong marketing platform and scalable direct sales motion.

After seeing its full potential on a technical and go-to-market level, Ten Eleven invested in Darktrace in 2016.

Managing Team

Darktrace’s founders are mathematicians and ML experts, with a technical team based out of the University of Cambridge.

Ten Eleven Impact

Since 2016, Ten Eleven has acted as key counsel on product direction and operational issues for Darktrace, including US expansion post Series C investment.

Key Milestones










April 30, 2021



Darktrace went public on the London Stock Exchange April 30, 2021. The Company was named one of TIME magazine’s ‘Most Influential Companies’ for 2021. As of May 2022, Darktrace protected over 6,800 customers worldwide.

– Poppy Gustafsson, CEO, Darktrace

“It really does feel like we’re in this new era of cybersecurity. The arms race will absolutely continue, I really don’t think it’s very long until this [AI] innovation gets into the hands of attackers, and we will see these very highly targeted and specific attacks that humans won’t necessarily be able to spot and defend themselves from.”

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