Israel’s Deep Instinct, the world’s first company to apply end-to-end deep learning to predict, identify and prevent cyber attacks, announced Wednesday that it closed a $43 million Series C funding round.
The round was led by Millennium New Horizons, the fund launched by Millennium Technology Value Partners focusing on sectors such as artificial intelligence, autonomous driving, drones, robotics, sensors, and big data.
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Additional investors include American GPU giant Nvidia, LG Technology, and Unbound, the London-based investment firm founded by Shravin Mittal. These companies join previous investors HP and Samsung.
Founded in 2015 by Eli David, Guy Caspi, and Nadav Maman, Deep Instinct uses a patented deep learning platform trained to identify and prevent sophisticated and advanced cyber threats with accuracy and speed.
“Traditional cybersecurity is broken,” said Caspi who serves as Deep Instinct CEO. “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.”
The company says its deep learning protection has the lowest level of false positives of any cybersecurity provider. It also includes physical and virtual networks, endpoints, and mobile across operating systems Windows, iOS, Android, Chrome, and macOS.
Deep Instinct’s customers include Fortune 500 companies in healthcare, aviation, insurance, and tech sectors.
The company announced an OEM partnership with US multinational Hewlett-Packard (HP) last May to launch HP Sure Sense, on HP’s latest EliteBook and ZBook devices. HP Sure Sense provides zero-time detection and prevention against the most advanced cyber threats by leveraging Deep Instinct’s deep learning threat prevention engine.
“Artificial intelligence is now sweeping across industries, bringing benefits to a wide range of vertical markets,” said Jeff Herbst, vice president of business development at Nvidia. “Deep Instinct’s unique approach in applying true deep learning to cybersecurity is yielding revolutionary breakthroughs that are being embraced by a growing market.
“This significant round of new funding highlights the importance of prevention for every enterprise. The economic impact of repairing a breach is too high to ignore the need to prevent threats before they occur. The message to the market is that to fight today’s cyber threats true prevention will become more critical than detection and response.” said Lane Bess, Deep Instinct’s chairman.