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Darktrace cuts valuation after Deliveroo’s poor IPO performance : UKInvesting

In my experience, a lot of people i know in the industry have a very low opinion of darktrace and consider it to be a bit of a buzzword heavy snake oil product with a lot of smoke and mirrors. However, from a sales and marketing perspective they have clearly been very successful, so I don’t know it seems like a coin toss.

One thing I would say though is that, even if their product could meet their marketing claims, their core focus on physical network appliances sniffing network traffic was already very old skool for modern IT environments. However, with covid massively accelerating the remote work model and increasing cloud service adoption, even just gaining visibility of the key data they need is going to get much harder going forwards unless they move away from that model.

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