Billionaire Mike Lynch explains why he's putting his money into a Cambridge cybersecurity startup …

Billionaire Mike Lynch explains why he’s putting his money into a Cambridge cybersecurity startup …

Mike Lynch of Darktrace Matt LLoyd/Rex Features This week, a relatively young cybersecurity company called Darktrace announced that it has raised an additional $65 million (£50 million) at a suspected valuation of over $400 million (£308 million). That’s impressive in the current economic climate. No other UK tech startup has announced a funding round anywhere near that size since the UK voted for Brexit. We caught up with Mike Lynch — the billionaire founder of enterprise software firm Autonomy and Darktrace’s first big name investor — to find out why he decided to put his money into the company. “The reason I liked it was that it was a completely new approach,” said Lynch during a phone call with Business Insider on Wednesday. “Most of what’s out there in cybersecurity…


Link to Full Article: Billionaire Mike Lynch explains why he’s putting his money into a Cambridge cybersecurity startup …