Cybersecurity startup Deep Instinct has secured $43 million to expand its deep learning technology aimed at predicting and preventing the rising sophisticated cyber-attacks. Deep Instinct targets markets such as finance, health, aerospace, and insurance and reports that its customer base tripled in 2019. The raised capital will be used to grow sales and marketing, as well as to support the expansion of business operations globally.
The Series C funding round was led by the Millennium New Horizons fund, with participation from Unbound, along with LG, and existing investor Nvidia, Corp. The latest investment brings the company’s total funding to $100 million.