Capita plc has a turnover of c4.5bn, employs 65,000 people, and spans numerous markets and sectors including Financial Services and Banking. He was Minister for Universities and Science within the Department for Business, Innovation and Skills from 2010 to 2014, and previously held roles within HM Treasury and the No. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. While she did enough to get her by, she always thought that she would put in more effort later in life. According to prosecutors, Hussain is living, on bail, in a $7,500-per-month San Francisco penthouse apartment. She has also worked as a fund manager in Amadeus Capital Partners and as an assistant manager in Delloite from September 2004 to April 2008. His daughter was given a three-week internship at Darktrace in the summer of 2018. Chamberlain is today Darktraces operations manager, even if his LinkedIn page doesnt note any affiliation with the firm. Last year, Darktrace used $127m of a loan from several existing investors to reduce Invokes share holding. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. Moreover, Poppy is a co-founder of the 3-year-old Darktrace, and she has previously served as the CFO of the company. In 2009, she moved to Mike Lynchs Autonomy, a business that would become inextricably intertwined with Darktrace, for a two-year stint, before the cybersecurity company was born. 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. Darktrace is a British[4]-American[2] information technology company that specialises in cyber-defence. [15] Darktrace has disputed this. 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. She attended the 2017 innovative finance summit. All rights reserved. Sales team members would also have to give Hussain mock pitches, as if they were trying to hawk Darktraces artificial intelligence software to a real customer. In 2020, James was shortlisted for The Lawyers General Counsel of the Year. In conclusion, Poppy Gustafsson is one of the brains behind Darktrace. She admits the harassment allegations resulted in short-term commercial pain in the Bay Area, but ultimately the companys decision was right for the culture of the company., When Hussains legal ordeal comes to an end, he should still be very wealthy, in part thanks to Invokes Darktrace stock. Poppy has led Darktrace to achieve a variety of accolades, such as being named Europes 9th Fastest Growing European Company by The Financial Times, as well as Fastest Growing Super Scale-up by Tech Tour. We support credit card, debit card and PayPal payments. Invoke and Darktrace also share the same floor in open-plan London offices. He was quite the role model. Gustafsson and other Darktrace executives, despite the charges, attended. But for the people who ran the network there was a huge risk, because those types of websites are huge for introducing malware into organisations.. His current roles include President of the Resolution Foundation and Chair of the Foundation for Science and Technology, together with serving on several company boards. CEO Poppy Gustafsson and CTO Jack Stockdale were appointed OBEs in the Birthday Honours 2019, in recognition of their services to cyber security. facing extradition to the US on fraud charges, the most recent injection coming from Vitruvian Partners. They deny claims from one former employee that Hussain was seen as everyones boss boss.. Poppy and her team were recognized for their vision, strategy, and the disrupting innovation behind Al technology Darktrace. Biography of Poppy Gustafsson. "Darktrace, The Cyber Security Startup Backed By Mike Lynch, Raises Further $18M", "Ex-Autonomy boss Mike Lynch charged with fraud in the US", "A smart fish tank left a casino vulnerable to hackers", "Darktrace: What we learned from building a 2.5bn UK success story", "Darktrace PLC (DRKTF) Stock Price & News - Google Finance", "Darktrace acquires attack surface analytics firm Cybersprint", "Darktrace stock falls after New York short seller takes stake", "Darktrace hits back after short seller takes stake", "Darktrace down 5% as New York hedge fund launches fresh bear raid", "Darktrace shares dive after short seller attack", Darktrace finds more attacks, cuts response time, saves money for Blackhawk Network. [9], In March 2022, Darktrace acquired Cybersprint, a Dutch attack surface management company, for 47.5million. Al is responsible for customer-facing technical teams at Darktrace, ensuring the highest standards of consistency and service across the customer experience. 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. Cheek denies all allegations and insists the claims are fabricated. 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. Headcount has risen to 1,250 since May 2018 from 750. Now that she is older and has a family, she has realized that she does not have free time and consequently still green at the piano and unlikely to get better soon. Meanwhile, throughout 2017 and 2018, Darktrace was dealing with another sexual harassment saga that involved Randy Cheek, a sales chief in the San Francisco office. 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. [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. Darktraces AI is now automatically responding to hacks and stopping them. 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. In my time here at Darktrace, Ive seen attackers try [to] use things like Teslas parked in the office car park, [internet-connected] fish tanks in casinos, and fingerprint scanners on the doors of warehouses, all as a sort of new and novel way into businesses.. According to their account, he told her that he and other members of staff were looking forward to seeing you bend over in that dress., Darktrace investigated, conducting 20 interviews over two weeks into the claims that led it to a decision in February 2018 to part ways with Cheek. She and the other founder were named team of the year 2017. Attacks are getting faster and they are getting more sophisticated. 10 Things You Didnt Know about Chiniere Energy CEO Jack Fusco, 10 Things You Didnt Know About Andrew Bialecki, 10 James Bond-Like Surveillance Gadgets that Actually Exist, 10 Things You Didnt Know about Ronald P. OHanley, 10 Things You Didnt Know about Scott Uknes, The Five Most Profitable Direct Sales Companies in the World, The 20 Best Places to Live in Massachusetts, How to Get Cash from Your Vanilla Visa Gift Card, Five of the Top Watches That Cost Around $100,000. Poppy Gustafsson runs a cutting-edge and gender-diverse cybersecurity firm on the brink of a 3bn stock market debut, but she is happy to reference pop culture classic the Terminator to help describe what Darktrace actually does.. Premium access for businesses and educational institutions. Hussain . Max is a cyber security expert with over a decade of experience in the field, specializing in a wide range of areas such as Penetration Testing, Red-Teaming, SIEM and SOC consulting and hunting Advanced Persistent Threat (APT) groups. Prior to his sentencing, prosecutors wrote to the judge that, Crime can never pay. Oops! The problem is that Lynch, whose Invoke Capital was Darktraces first and biggest shareholder, has always had a significant influence on the business. 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. "This is a personal matter for one individual associated with one of its investors.. Darktrace's technology . The latest revenue figures for the year ended June 2018 landed at $78 million, up from $40 million the prior year. On 6 March 2022, Darktrace opened with a share value of 6.46, with a market cap of 3.43 billion. By design or not, Gustafsson, who was awarded an OBE last year for her contribution to cybersecurity, has proved to be something of a gender stereotype-breaker for much of her life. They say the event took place in the first half of 2017 and a complaint was made to HR that year. So embedded was Hussain in Darktraces culture that he appeared in amusing video skits designed to galvanize staff. He has a Law degree from St Catharines College, Cambridge and a Law Diploma from Nottingham Law School. [17], The companys share price fell 12 per cent when Quintessential first disclosed its short position on 30 January 2023. He kept the sales managers in check, adds another. Research unlocks the unknowns; it also helps shed light on what we are collectively up against. The alleged incident took place at a dinner for top salespeople at Manhattans upscale Japanese restaurant Nobu, two former staffers who knew of the event recalled. Poppy Gustafsson sits at the apex of a global cybersecurity organisation worth $1.65bn, with 40 offices, 900 staff and 2,500 clients. 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. But Gustafsson is confident in the future. [6], In 2017, Darktrace caused an internet and media sensation with publication of a white paper detailing a hack of a casino's fish tank, which was caught by the company's Network Immune System. For cost savings, you can change your plan at any time online in the Settings & Account section. There is no reasonwhy would you want to do that? 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. You can still enjoy your subscription until the end of your current billing period. make Darktrace one of the U.K.s hottest tech companies. 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. This site uses Akismet to reduce spam. Darktraces AI technology promises to hunt down hackers on business networks. A member of our team will be in touch with you shortly. Max holds an MSc from the University of Duisburg-Essen and a BSc from the Cooperative State University Stuttgart in International Business Information Systems. For her, satisfying the demand for immune system technology on a global dais is no small task. After studying Mathematics at Sheffield, Gustafsson trained as an accountant, working at Deloitte. 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.