Deep Instinct Raises $62M in Series D
Deep Instinct has successfully raised $62M in a Series D at a $500M valuation led by PSG.
Company Overview
Deep Instinct is a Cybersecurity company headquartered in New York, NY, founded in 2015 with 200+ employees.
Deep learning cybersecurity
Fundraising Details
- Amount Raised: $62M
- Round Type: Series D
- Valuation: $500M
- Date: 2024-05-10
- Investors: PSG
About Deep Instinct
Deep learning cybersecurity The company is positioned in the Cybersecurity sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: New York, NY
- Founded: 2015
- Team Size: 200+
- Industry: Cybersecurity
What This Means
This funding round demonstrates strong investor confidence in Deep Instinct's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Cybersecurity sector continues to attract significant investment as companies innovate to meet evolving market demands. Deep Instinct's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $500M valuation marks an important milestone for Deep Instinct, positioning the company among notable players in the Cybersecurity industry.
Looking Ahead
With this new capital, Deep Instinct is well-positioned to execute on its growth strategy and continue building innovative solutions in the Cybersecurity space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-05-10. For more information about Deep Instinct, visit their headquarters at New York, NY.
