US-based cybersecurity software developer Deep Instinct secured $43m in series C funding on Wednesday from a consortium including electronics producer LG and graphics processing unit provider Nvidia.
The round was led by growth equity firm Millennium Technology Value Partners through its Millennium New Horizons fund, and it also featured investment firm Unbound.
Deep Instinct has developed a cybersecurity software platform that relies on deep learning technology to predict, identify and prevent both known and new threats, covering physical and virtual networks, mobile devices and desktops.
The funding will drive international expansion efforts and allow the company to double down on its sales and marketing activities. It has now raised $100m since it was founded in 2015, it said.
Nvidia contributed to Deep Instinct’s $32m series B round in 2017. Columbus Nova Technology Partners led that round, which was backed by Coatue Management and undisclosed existing investors.
The company has not disclosed details of its earlier funding but revealed this week that computing technology provider HP and Samsung Venture Investment, a corporate venturing subsidiary of consumer electronics manufacturer Samsung, are both shareholders.
Deep Instinct’s website had previously listed media company US News & World Report, digital technology services provider UST Global, Cerrracap Ventures, Blumberg Capital, Cushman & Wakefield and Naveen Jain as investors but those references have since been removed.
