These claims led to one of two sexual harassment investigations the firm faced in 2017 and 2018the second involving a close associate of Hussains in the U.S. - that threatened to let off cultural hand grenades at a company that proudly claims to have more than 40% female staff and pay women $1.34 for every $1.32 that men earn per hour. We support credit card, debit card and PayPal payments. Poppy Gustafsson, co-CEO of Darktrace, is a qualified chartered accountant and former CFO of the cybersecurity firm. Opting out is easy, so give it a try. Poppy is a co-founder of Darktrace, which under her leadership has reached a $1.65 billion valuation in under five years and was named Europe's 'Fastest Growing Super Scale-up' by Tech Tour. Gustafsson and other Darktrace executives, despite the charges, attended. [17], The companys share price fell 12 per cent when Quintessential first disclosed its short position on 30 January 2023. Gustafsson was called by the defense to offer written testimony and face cross-examination in Mike Lynchs civil fraud trial in the U.K. In 1838, his father Takafune was entrusted with the power of his father and moved to . This is a BETA experience. He kept the sales managers in check, adds another. She was named CEO of the Year at the 2021 Digital Masters Awards and Tech CEO of the Year at the UK Tech Awards 2021. Poppy Gustafsson is the Chief Executive Officer of Darktrace plc. You may change or cancel your subscription or trial at any time online. 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. Now, she says, cyber security is just not just about defending a network, but spotting internal attacks. Some ex-employees chafed at the response, noting it took around half a year from the first allegation about Cheek in summer 2017 to his ousting. Together with Darktrace CTO Jack Stockdale, Poppy was awarded an OBE for services to cyber security in 2019. Former Darktrace board member Sushovan Hussain (above) is appealing a five-year prison sentence for his role in the disastrous HPAutonomy deal. But, for Poppy Gustafsson, it is gratifying to step back and reflect on all the talented employees she overlooks and who work all over the world. I have realised how important it is for people to come in and feel like they are just part of a team.. They didnt even have screens to display this content and the person parking would never have known. In upmarket offices off Londons Trafalgar Square, a short walk from Parliament, rows of Darktrace employees are working the phones, flogging the startups artificial intelligence software, which hunts down hackers on the networks of major businesses. For Gustafsson, being a female entrepreneur in a male-dominated industry brought it own challenges. It was an office Hussain was familiar with, having worked closely with the sales team there, including Cheek, sources who were there at the time confirm. Moreover, Poppy is a co-founder of the 3-year-old Darktrace, and she has previously served as the CFO of the company. And in the audience, only about 10pc were women. In July, under Poppy Gustafsson management, Darktrace has raised a further $65 million in funding from investors including Softbank, KKR, and TenEleven ventures. 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. 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. I thought, I never want to have an organisation where employees come along and they suddenly feel painfully aware that they are a man or woman or that their race is an issue - you just shouldnt be aware of it - you should just come in and do a good job. Read More 10 Things You Didnt Know About Andrew BialeckiContinue, Say the phrases British Spy or MI6, and most people will immediately think of James Bond. Darktrace is a world leader in Autonomous Cyber AI, having created the first, at-scale deployment of artificial intelligence for the enterprise. The problem is that Lynch, whose Invoke Capital was Darktraces first and biggest shareholder, has always had a significant influence on the business. Biography Childhood. According to prosecutors, Hussain is living, on bail, in a $7,500-per-month San Francisco penthouse apartment. Prior to joining Darktrace, he was responsible for the creation and growth of the HP Professional Services Solutions organization. BI Prime: Poppy Gustafsson is the 35-year-old CEO of Cambridge-based cybersecurity firm Darktrace, which was recently valued at $1.65 billion. Autonomy was accused of irregular accounting practices relating to its $11.7bn sale to Hewlett-Packard in 2011. Cyber-security firm Darktrace has said it intends to list its shares on the London Stock Exchange. Something went wrong while submitting the form. Under her leadership, the company has experienced significant growth and global expansion, and listed on the London Stock Exchange in 2021. Because Hussain wasnt an employee of Darktrace at the time, the company says it passed its findingswhich it declined to give Forbeson to Invoke Capital, where Hussain (whose lawyers also declined to comment) was employed. 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. Of course, you get it wrong all the time, but thats sort of ok., The world that her daughters grow into will be vastly different to the one they were born into. With over 10 years experience he's covered businesses, CEOs, and investments. The Autonomy connection persists today; half of Darktraces board and six of its eight top executives are ex-Autonomy folks, which included Gustafsson (ex-corporate controller) and co-CEO Nicole Eagan (ex-chief marketing officer). Invoke and Darktrace also share the same floor in open-plan London offices. [14], On 31 January 2023, Quintessential Capital Management[d], a New York-based hedge fund and short seller, published a detailed report alleged potential accounting errors at Darktrace, making claims about potential irregularities in contracts with resellers and customers, predominantly dating from before Darktraces public listing in 2021. I see that hes able to undertake his job. 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. CAMBRIDGE, England, Nov. 18, 2021 /PRNewswire/ -- Darktrace, a global leader in cyber security AI, announced that CEO Poppy Gustafsson OBE has received the 'CEO of the Year' award at the Digital . Allow notifications. Leaning in and speaking with complete passion, she says: I find it absolutely fascinating that they will look back and the most antiquated piece of technology that they could possibly imagine is smartphones., Taking a moment to pour a last cup of tea, she adds: How exciting is that?, The Telegraph values your comments but kindly requests all posts are on topic, constructive and respectful. Mr. Shanley holds a BS and a BSC from Santa Clara University. [30], Darktrace signed a partnership deal with McLaren Racing in 2020. During one in 2017, after he had left the board, Hussain appeared as Morpheus, the Laurence Fishburne character from The Matrix who memorably said, Remember, all Im offering is the truth, three former employees confirmed. When asked about Hussains holdings in Darktrace, the company repeatedly denies he has any stock. A member of our team will be in touch with you shortly. Jody Scheckter is married to Clare, and they have six children together: Toby, Tomas, Hugo, Freddie, Ila, and Poppy. Poppy Gustafsson joined Darktrace in 2013. Hussain was phoning just a month after being sentenced in a San Francisco courthouse to five years of prison and a $4 million fine relating to a $11.7 billion federal fraud. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. While Gustafsson is likely to be worth at least 20m from the flotation of the business, which has almost 5,000 customers ranging from the NHS to Coca-Cola, she has also become something of a gender diversity champion in the male-dominated tech world. A Shifting Email Conversation: Email Security is Stuck Looking to the Past, How Self-Learning AI protects McLaren Racing from supply chain attacks. [9], In March 2022, Darktrace acquired Cybersprint, a Dutch attack surface management company, for 47.5million. Learn how your comment data is processed. He focuses primarily on investments in the technology sector in Europe. Poppy Gustafsson is the Chief Executive Officer of Darktrace plc. Darktrace, while it wont provide specifics, confirms Hussain was heavily involved in helping it secure funds. Mount Fuji. (Lynch and Chamberlains lawyers say their clients are innocent of all charges.) While guiding Darktrace on its meteoric rise into becoming a global leader, she had two children, now aged three and six. Darktraces AI technology promises to hunt down hackers on business networks. You would just never think that people would bother to do that kind of thing, but they do.. Soon after the OBE award was made public, she received a call from a former mentor and onetime Darktrace board member Sushovan Hussain, 55, offering congratulations on her dazzling career. [6][7] Lynch was co-founder of Autonomy, sold to Hewlett-Packard in 2011 in a transaction leading to accusations of fraud and to a legal fight over extraditing him to the United States. Poppy Gustafsson sits at the apex of a global cybersecurity organisation worth $1.65bn, with 40 offices, 900 staff and 2,500 clients. Stephen Shanley joined KKR in 2014 and is head of KKRs Technology Growth Equity business in Europe. A recognised leader and award winner in the cybersecurity industry, we take a look at Poppy Gustafsson OBE, CEO at Darktrace. For her, satisfying the demand for immune system technology on a global dais is no small task. Learn more at https://www.ted.com/tedx [31] In 2021, the deal was extended to include McLaren's IndyCar team.[32]. You can still enjoy your subscription until the end of your current billing period. Federal prosecutors were apoplectic, saying Hussain and his co-conspirators crimes reflected an attitude that, like a James Bond villain or a Mafioso, they were above the law. They also compared him to disgraced WorldCom CEO Bernie Ebbers. Find out more, The latest offers and discount codes from popular brands on Telegraph Voucher Codes, Poppy Gustafsson,CEO and one of the founders of Darktrace, Gustafsson says there has been a rise inpeople hacking into networks purely with the objective of using their processing power to harvest bitcoin, Shares in Alphawave suspended after warning over tech champion's accounts, Alcohol tea maker and vegan energy bars among failures in Sunaks Covid start-up fund, Boost for Mark Zuckerberg as Facebook-owner Meta breaks year-long slump, How red tape is wrecking dreams of a British Silicon Valley, West must unite against Chinas autocratic AI, warns Clegg, global cybersecurity organisation worth $1.65bn. The Autonomy co-founder is fighting extradition to the US, where he is accused of fraudulently inflating the value of the company before its 8.4bn sale to Hewlett-Packard in 2011. He was quite the role model. Last year, Darktrace used $127m of a loan from several existing investors to reduce Invokes share holding. James qualified as a solicitor at Linklaters in 2001 before working in the corporate department there for several years advising blue chip clients on major transactions. Sushovan (Hussain) was the lead in the deal room, says the ex-staffer. That was the part that they dreaded the most, that final pitch to him, says one former sales employee. 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. The Playback API request failed for an unknown reason. In conclusion, Poppy Gustafsson is one of the brains behind Darktrace. The founders of Darktrace including Poppy Gustafsson have been named the Team of the Year at the Awards held in London at the Dorchester. Every single one of them was a man. Standard Digital includes access to a wealth of global news, analysis and expert opinion. personalising content and ads, providing social media features and to The Darktrace staffer alleged to have been inappropriately touched has since left the company and was unreachable for comment. [15] Darktrace has disputed this. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. 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. Earlier this week, Lynch submitted himself for arrest, in what his lawyers described as a formality in the extradition process. She was named Europe's 9th 'Fastest Growing European Company' by The Financial Times and named 'Fastest Growing Super Scale-up' by Tech Tour. Both Gustafsson and Eagan also wrote letters to the judge in support of Hussain, each describing him as a close, long-term friend and respected business partner. He has conducted intelligence analysis and assessment in operational theatres across the world, becoming a senior intelligence officer. 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. Or it could be the bedroom hacker looking to showcase their talents.. They say Hussain was worth at least $60 million and likely much more, noting Lynch had bestowed on his old finance chief 193,188 shares of ICP Darktrace Holdings worth approximately $58 million and 215,000 shares of ICP Holdings that may be worth even more. (Hussains legal team disputes the valuation, saying the shares were effectively worthless because sales of them were severely restricted and the government itself has, by its threats and allegations, made it impossible for Mr. Hussain monetize his shares.) Hussain sold some of those ICP Darktrace Holdings shares to Lynch in 2018 and 2019 to pay legal fees and deposited $182,627 with the California Northern District Court to get bail, though he can expect them back as long as he doesnt flee the country. He holds a first-class degree in Computer Science from the University of Plymouth. However he does like to take on other topics involving some of his personal interests like automobiles, future technologies, and anything else that could change the world. IN A shock result, previously undefeated league leaders Saitama Wild Knights lost 44-25 to Shizuoka Blue Revs, snapping their win streak at 14 games from the opening round of the season. [13], There has been criticism about the company's technology and its founding investor by short-seller Matthew Earl, head of the Shadowfall fund, and analysts Peel Hunt. 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. Only this talk would prove to be bittersweet. He was convicted for his role in HPs cataclysmic acquisition of British data analytics company Autonomy for more than $10 billion in 2011. He is also Director and Chair of Audit at TSMC in Taiwan, on the Board of Imagination Technologies in the UK and on the US Board of the EastWest Institute, an international not-for-profit think tank. At Darktrace, Max oversees global threat hunting efforts, working with strategic customers to investigate and respond to cyber-threats. 10 Policy Unit. You see a lot of attacks where people are going into networks purely with the objective of using their processing power to harvest bitcoin. First, he has skin in the game. (modern). Prior roles also include financial controller positions in the technology. Oops! In 2020, James was shortlisted for The Lawyers General Counsel of the Year. Gustafsson has just been nominated for the New Generation prize at the Veuve Clicquot Business Woman awards. "Beforehand, security was about keeping the bad guys . Poppy is a qualified chartered . This hard-driving sales department, which has landed big clients like HSBC and British Telecom, has helped make Darktrace one of the U.K.s hottest tech companies. He has been on the Board of Featurespace since November 2014, and prior to that, he joined Capita in 1988 and was first appointed to the Board as Commercial Director in February 1996. It has found hackers in strange places before, including an internet-connected fish tank. Developed by mathematicians, Darktrace uses self-learning AI algorithms to detect and neutralize cyber threats across diverse digital estates, including . She previously directed global communications at Logica, a multinational IT and business consultancy company listed on the London Stock Exchange. There is no reasonwhy would you want to do that? [16] Quintessential pointed towards connections between Darktrace and HP Autonomy, the UK software company with which Darktrace shares many ties. Sir Peter is an elected Fellow of The Royal Academy of Engineering. Darktrace employs more than 1,500 staff globally, of which 40% are female including at management level a rarity against an industry average of just 15%. Without any more guidance from Hussain, business, they say, has been booming. Name. In one interview, the sales director allegedly asked whether the interviewee had a boyfriend, later implying that hed have to keep her presence a secret from his wife, three ex-staffers claim. John Phillips / Getty Images. It proved to be a woeful bet, and HP began alleging accounting fraud in 2012, just 14 months after the acquisition. A rare tweeter, the last post still lingering at the top of her Twitter feed references how proud the company was of its gender diversity marking International Womens Day. She spearheaded the Samsung SDS partnership. All rights reserved. It really does feel like were in this new era of cybersecurity, says Gustafsson, the chief executive of Darktrace. Darktrace experts weigh in on the cyber landscape, Flexible Deployment for the New Era of Email Security, Integrating Email Security to Build a Posture Greater Than the Sum of Its Parts. In his prelapsarian days, the Bangladesh-born Hussain earned an undergraduate degree in economics from Cambridge University in the 1980s before spending the early part of his career in various financial roles at British oil and gas giant LASMO. When living in Germany, he was an active member of the Chaos Computer Club. He is currently Chairman of Netherlands-based NXP, a world leading semiconductor company. She attended the 2017 innovative finance summit. Prior to Summit, Han worked for Scotia Capital and IBM Corporation. Patrick is Managing Director of Anthem Corporate Finance Limited, an independent, privately-owned financial services firm that provides financial advisory, M&A and strategic advisory services to companies worldwide, which he co-founded in 2002. Gustafssons firm, founded when she was 30, is marketed as a digital parallel of a human body fighting illness. Darktrace was built from ex-Autonomy staff, including Gustafsson, and in 2018 it was subpoenaed by US authorities for information about Invoke, warning there was a risk of money-laundering claims if its backing money included cash from the Autonomy sale. Darktrace denies he was involved in that latter round, though one former senior employee insists he was. The funds would be used to accelerate the global rollout and bring significant, strategic, value and knowledge to the team. The Darktrace threat visualiser, providing a graphical visualisation of the spread of unusual activity from an infected device. On 6 March 2022, Darktrace opened with a share value of 6.46, with a market cap of 3.43 billion. Former Autonomy CEO Mike Lynch was arrested on Wednesday and is now out on bail in the U.K. as he awaits likely extradition to the U.S. One of his first creations at Autonomy was a virtual dog, reportedly modeled after his own pooch, Gromit. Under Poppy's leadership, the company has reached a $1 . But, just a month after the drinks, Darktrace says it learned of a formal allegation of sexual harassment made against Hussain. Married to a Swedish engineer husband, whose surname she took after the birth of her eldest daughter, family life in Cambridge is described simply as normal., One thing which made a difference is shared parental leave, and that makes huge leaps and bounds meaning you can juggle work and kids. He holds a BS in business administration from the University of Groningen, an MSc in international business from the University of Groningen, and an MSc in international finance from the CERAM Graduate School of Management & Technology. Eloy Avila has over fourteen years experience in enterprise software. Knighted in 1996 and awarded the CBE in 1989, Sir Peter has received honorary doctorates from 11 universities. He had a long and distinguished career in the intelligence community, working overseas developing cutting-edge capabilities to defend national interests against a range of threats. Crime can never pay. Check if your You may opt-out by. [22] Currently, Darktrace can cover Industrial Operational Technology, Email, SaaS, Cloud, Network, and Endpoint. facing extradition to the US on fraud charges, the most recent injection coming from Vitruvian Partners. Her extensive career in technology spans 30 years working for Oracle and early to late-stage growth companies. Nicole Eagan is Chief Strategy Officer and AI Officer of Darktrace. 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 . She was the winner of the Veuve Clicquot Business Woman Awards 2019, and recognized in Management Todays 35 Women Under 35 list in 2018, whose alumnae include Martha Lane Fox and Karen Blackett. [11][12] The market value reached a peak of 7 billion within months, with a share value peak of 10, but later fluctuated. cookies In this modernized era, everyone is a target for cyber-attackers. Darktraces AI is now automatically responding to hacks and stopping them. Gustafsson admits she no longer knows the names and faces of all Darktrace's employees, over 700 to be exact, due to its fast growth. Predicting attacks in the present day is just as difficult. Poppy Gustafsson is CEO/Co-Founder at Darktrace PLC. We are never going to be happy to be a company just following in the footsteps of others., Huge rise in hacking attacks on home workers during lockdown, Sign up to the daily Business Today email or follow Guardian Business on Twitter at @BusinessDesk, Original reporting and incisive analysis, direct from the Guardian every morning, 2023 Guardian News & Media Limited or its affiliated companies. offers FT membership to read for free. These are possible outcomes and we are only now starting to wake up to the reality that this could happen in many countries around the world. She is a qualified chartered accountant and holds a BSc in Mathematics from the University of Sheffield, where she was also awarded an honorary degree in Doctor of Science in recognition of outstanding achievements in the field of Cyber Security in 2022. Two ex-colleagues say he was an imposing figure in the room. Searching for an explanation as to why this incident occurred, Ms Gustafsson struggles to find one. Prior to TCV, Mr. Shanley was with the TMT investment banking group of Needham & Company and started his career in the transaction services group of KPMG. Darktrace The company needs to contract cyber technologists, salespeople, developers, and analysts among others. Al holds a first-class degree in Computer Science from the University of Sheffield. Darktrace. Get Forbes daily top headlines straight to your inbox for news on the worlds most important entrepreneurs and superstars, expert career advice and success secrets. As he remains restricted to travel in northern California, with a GPS tracker wrapped around his ankle because of his conviction in the fraud case, Hussains ties to Darktrace cast a shadow over the young business as it prepares to debut on a bigger stage as a publicly traded company. She says they spoke very regularly in the early years after the firm was founded in 2013 but has not spoken to him since that congratulatory call. 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. Poppy Gustafsson, CEO of Darktrace, argues that Russia's cyber-offensive skills can have real political and business impacts, but adds that she has not seen the high-profile cyberattacks many . Jack and his development team in Cambridge were recognized for their outstanding contribution to engineering by the Royal Academy of Engineering MacRobert Innovation Award Committee in 2017 and again in 2019. Han is currently a director at Darktrace, Flow Traders (Euronext: FLOW), Masternaut, OnRobot, Red Points, RELEX Solutions, Siteimprove and Syncron, and he is actively involved in the firms investment in Avast (LON: AVST). 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. 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However, he remained on its advisory council until last month, when he moved to a newly created science and technology council. 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. She has prior experience in financial controller positions in the technology and venture capital sectors and was named City A.M.s Entrepreneur of the Year 2017. and other data for a number of reasons, such as keeping FT Sites reliable and secure, Does that mean Im getting old?. make Darktrace one of the U.K.s hottest tech companies. That holdings business has the largest stake in Darktrace at 39.5%.
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