Total amount raised
$321.6 Millions
Latest funding date
3/1/2023
Location
Deep Instinct has successfully raised significant funding through multiple rounds, attracting notable investors such as PayPal Ventures and BlackRock. The company specializes in preemptive data security, leveraging deep learning and generative AI to offer advanced protection against zero-day threats.
Keep reading to explore the intricacies of Deep Instinct's fundraising journey and the investors backing this innovative cybersecurity platform.
What Is Deep Instinct?
Deep Instinct, founded in 2015, is headquartered in New York, with additional offices in San Francisco and Tel Aviv. The company was established by Eli David, Guy Caspi, and Nadav Maman.
Specializing in preemptive data security, Deep Instinct leverages deep learning and generative AI to protect against zero-day threats. Their solutions safeguard enterprise endpoints and mobile devices, offering real-time malicious verdicts and detailed threat analysis.
With a team of 101-250 employees, Deep Instinct continues to innovate in the cybersecurity space, providing robust protection for various data environments.
How Much Funding Has Deep Instinct Raised?
- Venture Round
- Amount Raised: $5.9M
- Date: June 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to develop and launch their cybersecurity platform.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: May 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure additional capital for early-stage operations.
- Series A
- Amount Raised: $11.2M
- Date: June 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their research and development efforts.
- Series B
- Amount Raised: $32M
- Date: July 2017
- Lead Investors: Columbus Nova Technology Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale their operations and market presence.
- Series C
- Amount Raised: $43M
- Date: February 2020
- Lead Investors: Millennium Technology Value Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance their product offerings and expand into new markets.
- Series D
- Amount Raised: $100M
- Date: April 2021
- Lead Investors: BlackRock
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and further develop their AI-driven cybersecurity solutions.
- Series D
- Amount Raised: $67M
- Date: July 2021
- Lead Investors: Chrysalis Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing innovation and market expansion.
- Venture Round
- Amount Raised: $62.5M
- Date: September 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further penetrate the market and enhance their cybersecurity offerings.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: March 2023
- Lead Investors: PayPal Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue advancing their AI-driven cybersecurity technology.
Deep Instinct has raised a total of $321.6M in funding. The current valuation is Not publicly disclosed.
Key Investors
- PayPal Ventures
- Details: PayPal Ventures is the venture capital arm of PayPal, focusing on strategic investments in innovative companies. They aim to support the growth of businesses that align with PayPal's mission to democratize financial services.
- Investment Focus Areas: Fintech, e-commerce, cybersecurity
- Notable Investments: Toss, Acorns, PPRO
- BlackRock
- Details: BlackRock is a global investment management corporation, known for its extensive portfolio and influence in the financial sector. They manage assets for clients worldwide, including governments, corporations, and individuals.
- Investment Focus Areas: Technology, healthcare, financial services
- Notable Investments: Apple, Microsoft, Alphabet
- Chrysalis Investments
- Details: Chrysalis Investments is an investment firm that focuses on growth-stage companies with high potential. They aim to support businesses that are poised for significant expansion and market impact.
- Investment Focus Areas: Technology, consumer goods, healthcare
- Notable Investments: Not publicly disclosed
- Millennium Technology Value Partners
- Details: Millennium Technology Value Partners is a global investment management firm that focuses on technology-driven companies. They provide capital to businesses at various stages of growth, from early-stage startups to established enterprises.
- Investment Focus Areas: Technology, media, telecommunications
- Notable Investments: Facebook, Twitter, Alibaba
- Columbus Nova Technology Partners
- Details: Columbus Nova Technology Partners is an investment firm that focuses on technology and media sectors. They provide strategic support and capital to help companies achieve their growth objectives.
- Investment Focus Areas: Technology, media, entertainment
- Notable Investments: Not publicly disclosed
What's Next for Deep Instinct?
With the recent $62.5 million funding round, Deep Instinct is poised to further penetrate the cybersecurity market. The appointment of Lane Bess as CEO, with his extensive experience, opens new strategic opportunities for growth. The company's focus on a prevention-first approach aligns with industry trends towards proactive cybersecurity measures.
Future fundraising opportunities seem promising, given the involvement of major investors like BlackRock and Chrysalis Investments. However, challenges such as market competition and technology adoption remain. The leadership transition could also bring uncertainties, but the company's innovative technology and market position make it a strong contender for future growth and potential acquisitions.
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