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Cybersecurity startup Deep Algorithm raises Rs 10.8 Cr in seed round led by Unicorn India Ventures to scale engineering and threat intelligence teams.

Jul 16, 202517 days ago

Amount Raised

₹10.8 Million

Round Type

seed

MumbaiNetwork SecurityCyber SecuritySecurityArtificial IntelligenceInformation Technology

Investors

Other Angel InvestorsUnicorn India Ventures

Description

Deep Algorithm Solutions, a cybersecurity and AI startup, has raised Rs 10.8 Cr in a seed round led by Unicorn India Ventures. The funds will be used to scale their teams and enhance their fraud analytics engine. The round also saw participation from other angel investors. Founded in December 2021, Deep Algorithm focuses on fraud prevention in digital financial ecosystems.

Company Information

Company

Deep Algorithm Solutions

Location

Mumbai, Maharashtra, India

About

Deep Algorithm Solutions is a cybersecurity and AI startup focused on fraud prevention in digital financial ecosystems. Founded in December 2021, the company aims to provide Cyber Security Solutions using cutting-edge technologies like Artificial Intelligence, BlockChain, IoT, and Cloud. Its flagship offerings include adapIDAI, an adaptive behavioral intelligence identity security risk engine, and BotShield for various security needs. Deep Algorithm is recognized for its innovative approach and has received a Government of India patent for its solutions.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech