Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cybersecurity Funding

Deep Instinct Raises $100 Million in Series D Funding Round

Deep Instinct, a New York-based company that provides threat protection products powered by deep learning, on Thursday announced that it has raised $100 million in a Series D funding round.

Deep Instinct, a New York-based company that provides threat protection products powered by deep learning, on Thursday announced that it has raised $100 million in a Series D funding round.

The latest funding round, which brings the total raised by Deep Instinct to $200 million, was led by BlackRock, with participation from Untitled Investments, The Tudor Group, Anne Wojcicki, Millennium, Unbound, Coatue Management, and others. The money will be used to fuel the company’s growth.

Deep Instinct provides endpoint and mobile security products that leverage deep learning to quickly identify threats. The company’s platform includes prevention, detection, response, remediation, and analysis capabilities.

Deep Instinct says it has customers in North America, Europe and the APAC region, and claims its enterprise customers tripled in the past year.

“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.”

Related: Are Artificial Intelligence and Machine Learning Just a Temporary Advantage to Defenders?

Related: Artificial Intelligence Threat Detection Firm Vectra Raises $100 Million

Related: AI Cybersecurity Company CalypsoAI Raises $13 Million

Advertisement. Scroll to continue reading.
Written By

Eduard Kovacs (@EduardKovacs) is a managing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.

Click to comment

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Join the session as we discuss the challenges and best practices for cybersecurity leaders managing cloud identities.

Register

SecurityWeek’s Ransomware Resilience and Recovery Summit helps businesses to plan, prepare, and recover from a ransomware incident.

Register

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

CISO Strategy

SecurityWeek spoke with more than 300 cybersecurity experts to see what is bubbling beneath the surface, and examine how those evolving threats will present...

CISO Conversations

Joanna Burkey, CISO at HP, and Kevin Cross, CISO at Dell, discuss how the role of a CISO is different for a multinational corporation...

CISO Conversations

In this issue of CISO Conversations we talk to two CISOs about solving the CISO/CIO conflict by combining the roles under one person.

CISO Strategy

Security professionals understand the need for resilience in their company’s security posture, but often fail to build their own psychological resilience to stress.

Cyber Insurance

Cyberinsurance and protection firm Boxx Insurance raises $14.4 million in a Series B funding round led by Zurich Insurance.