Deep Instinct, the first company to apply deep learning to cybersecurity, today announced an investment from PayPal Ventures. This investment further validates confidence in Deep Instinct’s unrivaled ability to see cyber threats well before other solutions can. The funding will help further accelerate Deep Instinct's growth, driven by its disruptive threat prevention technology.
“Deep Instinct has developed an industry-leading threat prevention platform, allowing enterprises to get ahead of cybercriminals and malicious threats,” said Alan Du, Partner at PayPal Ventures. “We’re thrilled to invest in Deep Instinct and believe the company will help move the cybersecurity industry beyond its current detection and remediation focus to a prevention-first model.”
"We are excited that PayPal Ventures sees the market potential of using deep learning to safeguard against cyber-criminal activity by immediately preventing even the most advanced attacks," said Lane Bess, CEO of Deep Instinct. "With the support of our investors, I'm convinced that the future of cybersecurity is on the cusp of a long-awaited change inspiring every enterprise to adopt a prevention-first strategy."
Deep Instinct currently protects customers across North America, Europe, and APAC, with enterprise customers tripling in 2022, including strategic wins with numerous Global 2000 companies.
PayPal Ventures joins our existing investor base, including BlackRock, Chrysalis Investments, Millennium, Unbound, Untitled Investments, The Tudor Group, Coatue Management, and others.