Deep Instinct today announced raising $100 million in a Series D funding round. BlackRock led the funding round, with further participation from Untitled Investments, The Tudor Group, Anne Wojcicki, and existing investors. This brings total investment in the cybersecurity vendor to $200 million to date.
Deep Instinct positions itself as a deep learning cybersecurity company, modeling its solution on human learning and neural networks. It builds its offerings on a purpose-built deep learning framework. Its artificial deep neural network brain learns to prevent malware, known and new, first-seen malware, zero-days, ransomware, and APT (advanced persistent threat) attacks. According to Ponemon Institute’s State of Endpoint Security Risk Report, 80 percent of successful breaches leverage zero-day attacks.
With the successful Series D funding round, the cybersecurity vendor plans to invest heavily in an aggressive growth plan through 2021 and the following years. Lane Bess, Deep Instinct Chairman, commented: “With the support of our investors, Deep Instinct will continue to grow as the only company to develop deep learning cyber prediction and prevention capabilities – and essentially vaccinate enterprises from cyber vulnerabilities.”
Guy Caspi, CEO of Deep Instinct, gave a statement with the announcement. “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. 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.”
Learn more about Deep Instinct here.
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