Deep Instinct closes $100m Series D funding round from international investors
Deep Instinct, the first company to apply end-to-end deep learning, based on the only purpose-built deep learning framework for cybersecurity, announced today that it has successfully raised $100m in Series D funding.
The Deep Instinct platform can predict, prevent, and analyse cyberattacks at any touchpoint of the organisation from the endpoint through to the network.
This round was led by funds and accounts managed from BlackRock, with participation from Untitled Investments, The Tudor Group, an investment by Anne Wojcicki, and existing investors, including Millennium, Unbound, and Coatue Management, among others. This new capital doubles the investment to date, bringing the total funding to $200m, and will fuel the company’s growth plans for 2021 and beyond.
“As we enter a new phase of hyper-growth, this investment round will significantly expand our go-to-market capabilities while at the same time increase our best-in-class deep learning research and product development groups,” said Guy Caspi, CEO of Deep Instinct.
“These groups will focus on further developing the company’s unique deep learning platform beyond endpoint into cloud, network, and storage to meet the accelerating needs of our customers in the face of more sophisticated threats and breaches.”
Deep Instinct currently protects customers across North America, Europe, and APAC, with enterprise customers tripling in the last year, including strategic wins with multiple Global 2000 companies in Q1 2021.