Cybersecurity startup Deep Algorithm raises Rs.16-Cr led by Unicorn India Ventures

Hyderabad-based Deep Algorithm has raised INR 16 crore in a pre-Series A funding round led by Unicorn India Ventures with participation from SB Investment (UAE), Prakash Govindan, and Himanshu Singhal.Founded in 2021, Deep Algorithm is an AI-powered cybersecurity startup that develops products for identity risk management, fraud prevention, and threat detection for enterprises. Its product offerings include adapID-AI, a behavioral identity intelligence platform, and BotShield-AI, which provides solutions for zero-day threat prevention, DDoS mitigation, and runtime application security.The company intends to use the capital to expand into international markets, accelerate product development, and enhance its platform with new identity and AI security features.