Deep Algorithm's Funding Announcement

Deep Algorithm, an AI-driven cybersecurity and digital trust company based in Hyderabad, India, has successfully closed a Pre-Series A funding round, raising $1.82 million (Rs 16 crore). The round was led by Unicorn India Ventures, with additional investments from SB Investment (UAE), Prakash Govindan, CEO of Gradiant (USA), and Himanshu Singhal, CEO of inMorphis (India).

Company Background

Founded in 2021, Deep Algorithm specializes in providing enterprise-grade security solutions. Its flagship product, adapID-AI, is an adaptive behavioral intelligence identity engine. This tool models identity behavior across systems, aiming to detect compromised credentials, lateral movement, insider threats, and anomalous access before exploitation occurs.

Leadership Insight

Mishra, the founder and CEO of Deep Algorithm, emphasized the company's focus on dynamic identity security. "We see identity as dynamic rather than static, defined by continuous behavioral signals," Mishra stated. He further noted that as threats evolve, particularly with AI-driven attacks, behavior becomes "the new fingerprint" in securing the enterprise digital landscape.

Use of Funds

The newly raised capital will be directed towards several strategic initiatives:

  • International Expansion: Deep Algorithm plans to expand its market reach beyond India, targeting international markets to grow its customer base.
  • Product Development: The company aims to accelerate the development of its platform, integrating next-generation features to meet evolving security needs.
  • Platform Enhancement: Strengthening the platform with advanced capabilities to address identity and AI-driven security requirements is a key focus.

Investor Details

The funding round was spearheaded by Unicorn India Ventures, a venture capital firm known for supporting innovative startups. Other significant contributors included SB Investment from the UAE, Prakash Govindan from the USA, and Himanshu Singhal from India, all of whom bring a wealth of experience and strategic value to Deep Algorithm's growth plans.

With this infusion of funds, Deep Algorithm is well-positioned to enhance its offerings and expand its footprint in the cybersecurity market, addressing the increasing demand for sophisticated digital trust solutions.