UAE: Cybersecurity firm DarkMatter reports $400m annual revenue, more than double from last year

DarkMatter, an international cyber security company headquartered in the UAE, recently reported that it has made more than double the revenue last year to over $400 million.

The company was founded by CEO Faisal Al Bannai in 2014. Al Bannai revealed that the company plans to increase from 650 to 900 employees by the end of the year. The cyber security firm, earns about 80 percent of its revenue from UAE government contracts and  plans to increase its focus on ‘smart city’ projects, helping cities use data to improve security, and provide services to block chain-focused businesses.

Al Bannai went on to reveal, “The opportunity is big. This is not supposed to be a UAE play. Already today, we are in the UAE, in Finland, in Canada, and China. The aim is to start expanding in the region, and take a stronger foothold in the region.”

 

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