INSUBCONTINENT EXCLUSIVE:
has raised a large round of funding from some big strategic partners.Deep Instinct, which uses deep learning both to learn how to identify
and stop known viruses and other hacking techniques, as well as to be able to identify completely new approaches that have not been
identified before, has raised $43 million in a Series C.The funding is being led by Millennium New Horizons, with Unbound (a London-based
investment firm founded by Shravin Mittal), LG and Nvidia all participating
The investment brings the total raised by Deep Instinct to $100 million, with HP and Samsung among its previous backers
in their own services.The Israeli-based company is not disclosing valuation, but notably, it is already profitable.Targeting as-yet unknown
viruses is becoming a more important priority as cybercrime grows
have been compromised in the past year by new and unknown malware attacks originating at endpoints, representing a 20% increase from the
And zero-day attacks are now four times more likely to compromise organizations
cybersecurity tools on the market today, Caspi notes that Deep Instinct takes a critically different approach because of its use of deep
In his view, this provides a more advanced form of threat protection than the common traditional machine learning solutions available in the
market, which rely on feature extractions determined by humans, which means they are limited by the knowledge and experience of the security
expert, and can only analyze a very small part of the available data (less than 2%, he says)
inputs into the algorithm, but is based on huge swathes of big data, sourced from servers, mobile devices and other endpoints, that are
input in and automatically read by the system.This also means that the system can be used in turn across a number of different end points
Many machine learning-based cybersecurity solutions, he notes, are geared at Windows environments
That is somewhat logical, given that Windows and Android account for the vast majority of attacks these days, but cross-OS attacks are now
on the rise.While Deep Instinct specializes in preventing first-seen, unknown cyberattacks like APTs and zero-day attacks, Caspi notes that
in the past year there has been a rise in both the amount and the impact of cyberattacks covering other areas
In 2019, Deep Instinct saw an increase in spyware and ransomware on top of an increase in the level of sophistication of the attacks that
weaponized documents like Microsoft Office files and PDFs
These sit alongside big malware attacks like Emotet, Trickbot, New ServeHelper and Legion Loader.Today the company sells services both
consumers could adopt, too.With a large part of antivirus software often proving futile in protecting users against attacks these days, that
Millennium New Horizons, in a statement
malware no other software can catch
That genuine protection in an age of escalating threats, without the need of exorbitantly expensive or complicated systems is a paradigm
