Deep Instinct Closes $100 Million Series D New Funding To Fuel Hyper-Growth
04/22/21, 1:06 PM
Money raised
$100 million
Round Type
series d
Deep Instinct, the first company to apply end-to-end deep learning, based on the only purpose-built deep learning framework for cybersecurity, announced today that it has successfully raised $100 million in Series D funding. The Deep Instinct platform can predict, prevent, and analyze cyberattacks at any touchpoint of the organization from the endpoint through to the network. This round 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. This new capital doubles the investment to date, bringing the total funding to $200 million, and will fuel the company's aggressive growth plans for 2021 and beyond.
Company Info
Additional Info
Furthermore, according to Forrester Consulting's Total Economic Impact™ (TEI) study on Deep Instinct's Advanced Endpoint Security Solution, an organization could experience benefits of $3.5 million over three years versus costs of $0.6 million, adding up to a net present value (NPV) of $2.9 million and an ROI of 446%.About Deep InstinctDeep Instinct is the first and only company applying end-to-end deep learning to cybersecurity.