Cybersecurity company Deep Instinct has secured an $67m investment from Chrysalis Investments as an extension to its Series D, which closed on $100m just months ago.
Deep Instinct made the investment includes issuance of new equity and acquisition of shares from existing shareholders.
With the capital injection, the company hopes to expand its go-to-market capabilities and bolster its research and development efforts.
The company’s Series D funding was led by Blackrock, with commitments also coming from Untitled Investments, The Tudor Group, Millennium, Unbound and Coatue Management.
Deep Instinct, which was founded in 2015, leverages an artificial brain to detect any type of cyber threat, prevent them and analyse the attacks.
Chrysalis co-portfolio manager Richard Watts said, “We have spent considerable time analysing the cybersecurity landscape and believe that Deep Instinct has developed best-in-class technologies.
“Deep Instinct’s cybersecurity platform utilises end-to-end deep learning to specialise in threat prevention, making it the most efficient and effective cybersecurity framework in the market. This technology, focused on prediction and prevention, is likely to be hugely disruptive, given its advantages over more prevalent Endpoint Detection and Response (EDR) solutions.”
With the close of the round, the RegTech company has raised a total of $240m in equity.
Chrysalis Investments has invested into a number of FinTech companies. Its current portfolio includes shares in Klarna, Starling Bank, wefox, THG, Wise, Smart Pensions and many more.
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