Deep Instinct, a Palo Alto, Calif.-based company that applies deep learning to cybersecurity, raised $32m in Series B financing.
The round was led by CNTP, with participation from strategic investors including Nvidia, Coatue Management, and existing investors. In addition to the funding, Deep Instinct has added Mohsen Moazami, founding MD of CNTP and former Cisco executive, to its Board of Directors.
The company intends to use the funds to accelerate deployments in the U.S. and global markets.
Led by CEO and Co-Founder Guy Caspi, Deep Instinct provides a deep learning platform that can detect malicious behavior across multiple vectors, and provides adaptive defenses against the most advanced cyberattacks across an organization’s endpoints, servers, and mobile devices.