Security News > 2020 > February > Deep Instinct Raises $43 Million in Series C Funding Round
Deep Instinct, a cybersecurity company that uses deep learning to predict, identify and prevent attacks, announced on Wednesday that it has raised $43 million in a Series C funding round.
The latest funding round, which brings the total raised by Deep Instinct to $100 million, was led by Millennium New Horizons, with participation from Unbound, LG, and NVIDIA. The company says it will use the money to accelerate sales and marketing, and expand business operations globally.
Deep Instinct provides endpoint, mobile, and virtual desktop infrastructure protection solutions, as well as automatic threat analysis.
"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," said Ray Cheng, partner at Millennium New Horizons.
"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."