Deep Algorithm raises Rs 16 Cr Pre-Series A funding from Unicorn India Ventures

In a pre-Series A funding round headed by Unicorn India Ventures, the AI-powered cybersecurity startup Deep Algorithm has raised Rs 16 crore. Himanshu Singhal, Prakash Govindan, and SB Investment (UAE) also took part in the round.

The money raised will be utilized to strengthen the platform with new identity and AI security features, accelerate product development, and enter foreign markets.

Deep Algorithm was established in 2021 and focuses on developing cybersecurity solutions for businesses that address identity risk management, fraud prevention, and threat detection.

Among its offerings are the behavioral identity intelligence platform adapID-AI and the runtime application security, DDoS mitigation, and zero-day threat prevention tool BotShield-AI.

According to the startup, closing ARR increased threefold between FY25 and FY26 and is expected to increase twentyfold by FY27.

Canara Bank, Karnataka Bank, DCB Bank, CSB, NCRTC, and BVH are among the clients of Deep Algorithm in the BFSI, fintech, and enterprise sectors.