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Darktrace CEO: ‘We didn’t have the valuation we knew we could get’

Jill Popelka has tried to strengthen the cyber company’s operations and cast off the shadow of early backer Mike Lynch

It is 15 months since Jill Popelka joined cyber security company Darktrace, thinking she was taking a board seat at the then publicly listed British tech group. In June she was appointed chief operating officer and she now holds the top job, after a whirlwind year in which the business was bought out by a US private equity firm.

“There were so many things that we didn’t know that transpired,” she says. “I would have been very happy in the COO role.”

In many ways it was serendipitous the American — “Texan, if you want to be more specific” — was already at the company when former chief executive, Poppy Gustafsson, was appointed UK investment minister by the new Labour government.

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