Deep Instinct, a NYC-based company that applies end-to-end deep learning, based on a deep learning framework for cybersecurity, raised $100m in Series D funding.
This round, which brought total funding to $200m, 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.
The company intends to use the funds to accelerate its growth plans for 2021 and beyond.
Led by Guy Caspi, CEO, and Lane Bess, Chairman, Deep Instinct provides a platform that can predict, prevent, and analyse cyberattacks at any touchpoint of the organisation from the endpoint through to the network.
The company 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.