According to the announcement, the boards of directors of both companies have endorsed the deal but shareholders will have to approve it. Shares in Darktrace firm increased over 19 percent following the news.
Darktrace is known for its AI-driven threat detection capabilities, leveraging machine learning to detect abnormal network behaviour, including ransomware attacks, insider threats, and data breaches. Among its clientele names such as Allianz, Airbus, and the city of Las Vegas.
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