Many organisations may have little choice but to adopt AI because threats are becoming more sophisticated and faster
Artificial intelligence (AI) is going to be used increasingly both to initiate and defend against cybersecurity attacks. That is according to Emily Orton, co-founder of Darktrace, a cybersecurity “unicorn” whose revenues almost doubled last year on the back of increased concerns over sophisticated security threats.
Speaking on the sidelines of the Dublin Tech Summit at the RDS, Ms Orton said that about 3,000 organisations globally were now relying solely on AI to protect them against cybersecurity attacks.
“Cybersecurity is now one of the widest uses of AI in the enterprise space, and we expect adoption to increase dramatically. The catalyst for adoption is strong, with many organisations having little choice but to adopt AI because threats are becoming more sophisticated and so fast to deploy that humans simply can’t respond in time to attacks.”
Created by mathematicians at Cambridge University, Darktrace has developed sophisticated technology that is self-learning and which can identify threats in real time and immediately fight back against them.
The company is valued at $1.65 billion (€1.5bn) following a $50 million fundraise last year.
Darktrace, which recently set up a sales-focused operation in Dublin, posted a 98 per cent jump in annual revenues to £59.4 million (€69m) earlier this month.
The company’s backers include Irish-born Michael Lynch, who stepped down from its board late last year after being charged in the US over the $11 million sale of his software firm Autonomy to HP in 2011.