Thursday 1 March 2018

Cybersecurity Startup DarkMatter Doubles Revenue to $400 Million - Bloomberg

Cybersecurity Startup DarkMatter Doubles Revenue to $400 Million - Bloomberg:

"DarkMatter, a three year-old United Arab Emirates-based cybersecurity firm, has more than doubled revenue last year to over $400 million. The firm, which earns about 80 percent of its revenue from U.A.E. government contracts, plans to grow from 650 to 900 employees by the end of the year, Chief Executive Officer Faisal Al Bannai told Bloomberg in an interview. DarkMatter, founded by Al Bannai in 2014, is one of the few regional cybersecurity firms in the Middle East. The startup plans to increase its focus on ‘smartcity’ projects, helping cities use data to improve security, and provide services to blockchain-focused businesses."



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