Deep Instinct, a US-based cybersecurity technology provider backed by electronics manufacturers LG and Samsung, computing technology producer HP and graphics processing unit provider Nvidia, has closed its series D round at $100m.
The round was led by funds and accounts managed by BlackRock and it also featured Untitled Investments, The Tudor Group, Millennium Technology Value Partners, Unbound, Coatue Management and private investor Anne Wojcicki.
Founded in 2015, Deep Instinct has developed cybersecurity software which utilises a type of artificial intelligence technology known as deep learning that takes influence from how the human brain learns.
The platform is used by businesses to identify and address cyberattacks in areas such as malware, ransomware and advanced persistent threat attacks.
The close of the round increased Deep Instinct’s total funding to $200m. LG and Nvidia took part in the company’s $43m series C round, which was led by Millennium’s New Horizons fund in February 2020 and also backed by Unbound.
Deep Instinct had raised $32m in a 2017 series B round led by Columbus Nova Technology Partners and which included Nvidia, Coatue and unnamed existing backers.
HP and Samsung are existing investors in Deep Instinct through respective corporate venture capital units HP Tech Ventures and Samsung Venture Investment.
The company had previously listed media company US News & World Report, digital transformation services provider UST Global, commercial real estate firm Cushman & Wakefield, Cerrracap Ventures, Blumberg Capital and Naveen Jain as shareholders on its website but has since removed those references.