Deep Instinct, an investee company through Milltrust’s partnership with Cerracap Ventures, is the first and only company applying end-to-end deep learning to cybersecurity.
The company completed its $43 million Series C funding in 2019, with investors including Millennium New Horizons, Unbound (London-based investment firm founded by Shravin Mittal), along with LG, and existing investors including CerraCap and NVIDIA. Deep Instinct now counts four of the world’s largest technology companies amongst its investors, with HP Inc. and Samsung having participated in previous financing rounds.
Deep Instinct’s Fortune 500 customer list includes global financial services, healthcare, aviation, insurance, and technology companies. The company has grown rapidly, achieving an over 400% increase in annual recurring revenue and increasing its customer base by 300% in 2019. Deep Instinct recently announced an OEM partnership with HP Inc. to launch HP Sure Sense, on HP’s latest EliteBook and ZBook devices. The deal is valued $116M over five years.
Deep Instinct is currently building their marketing and positioning in anticipation for their next round of financing expected by early 2021. Deep Instinct was covered in Forbes Magazine 9 times. They won 7 awards, including recognition as a ‘Top 25 Cybersecurity Company in 2019’, ‘Best Use of AI in Security and Cybercrime Protection’ and we were recognized by Wired magazine as one of “The Hottest Startups in Tel Aviv”.