- Deep Instinct ― a cybersecurity company that successfully applies end-to-end deep learning to predict, identify, and prevent cyberattacks ― announced it raised $43 million in Series C funding
Deep Instinct ― a cybersecurity company that successfully applies end-to-end deep learning to predict, identify, and prevent cyberattacks ― announced it raised $43 million in Series C funding led by Millennium New Horizons with participation from Unbound, LG, and existing investor NVIDIA.
Now Deep Instinct counts four of the world’s largest technology companies among its investors with HP and Samsung having participated in previous financing rounds. This investment ― which brings the company’s total funding to $100 million ― will be used to accelerate sales and marketing as well as to support the expansion of business operations globally.
“Traditional cybersecurity is broken,” said Guy Caspi, co-founder and CEO of Deep Instinct. “Current solutions based on ‘assume breach’ are simply insufficient for the highly sophisticated attack landscape we all face. Deep Instinct takes an entirely new approach, preventing attacks before they are executed.”
Traditional security solutions are known for primarily guarding against known threats in the Windows operating system and helping identify a cyberattack once it has already breached a system, but Deep Instinct uses a patented deep learning platform trained to identify and prevent first-seen, sophisticated, and advanced cyber threats. Threats are prevented anywhere within the enterprise from any type of file-based or file-less cyber attacks in zero-time with unmatched accuracy and speed.
Deep Instinct’s deep learning protection has the lowest level of false positives of any cybersecurity provider. Plus it is inclusive of physical and virtual networks, endpoints, and mobile, across multiple operating systems (Windows, iOS, Android, Chrome OS, and macOS).
“This significant round of new funding highlights the importance of prevention for every enterprise. The economic impact of repairing a breach is too high to ignore the need to prevent threats before they occur. The message to the market is that to fight today’s cyber threats true prevention will become more critical than detection and response.” added Deep Instinct Chairman Lane Bess.
The Deep Instinct Fortune 500 customer list includes global financial services, healthcare, aviation, insurance, and technology companies. And the company has grown rapidly since its founding due to the high demand for its groundbreaking technology as it saw over 400% increase in annual recurring revenue and increased its customer base by 300% in 2019.
“There is no shortage of cybersecurity software providers, yet no company aside from Deep Instinct has figured out how to apply deep learning to automate malware analysis,” explained Ray Cheng, Partner at Millennium New Horizons. “What excites us most about Deep Instinct is its proven ability to use its proprietary neural network to effectively detect viruses and malware no other software can catch. That genuine protection in an age of escalating threats, without the need of exorbitantly expensive or complicated systems is a paradigm change.”
Recently, Deep Instinct announced an OEM partnership with HP to launch HP Sure Sense on HP’s latest EliteBook and ZBook devices. By utilizing Deep Instinct’s deep learning threat prevention engine, HP Sure Sense is able to provide zero-time detection and prevention against the most advanced cyber threats.
“Artificial intelligence is now sweeping across industries, bringing benefits to a wide range of vertical markets,” stated Jeff Herbst, Vice President of Business Development at NVIDIA. “Deep Instinct’s unique approach in applying true deep learning to cybersecurity is yielding revolutionary breakthroughs that are being embraced by a growing market.”
Deep Instinct has been recognized by a number of numerous independent research organizations, including SE Labs where tests achieved 100% detection on both file-based and file-less attacks and zero false positives all without interfering with system performance. Plus the company was recently awarded ISO 27001 certification.