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Cybersecurity

Darktrace Plans to Boost Workforce 25%; Considers Raising Funds

  • Eagan expects workforce to increase to about 1,000 from 750
  • Accounts show widening annual losses, but also rising revenue

The chief executive officer of British cybersecurity startup Darktrace Ltd. said the company plans to increase its workforce by about 25 percent this year, and will consider raising additional funding to help it do so.

Nicole Eagan said her company expects to have about 1,000 employees by the end of the year, up from about 750 today.