Cybersecurity startup Deep Algorithm has secured ₹10.8 crore in funding led by Unicorn India Ventures, with participation from several angel investors. The Bengaluru-based company plans to use the capital to enhance its engineering capabilities, strengthen threat intelligence, and accelerate its go-to-market strategy in India and Southeast Asia.
The funds will also support the expansion of integrations with platforms like Azure AD and Okta, alongside upgrades to the company’s behavioural AI engine and fraud analytics suite. This move aims to address the growing demand for digital identity protection and advanced fraud prevention across the BFSI sector.
Scaling operations across India and global financial hubs
Deep Algorithm plans to expand its sales presence in Mumbai and Bengaluru, while also entering key international markets including Kenya, South Africa, and the UAE. The company is actively building partnerships with system integrators and cloud marketplaces to increase reach and accelerate deployment cycles.
Founder and CEO JP Mishra noted that Deep Algorithm is focused on solving critical security challenges in identity and fraud protection using AI built in India. The startup has already deployed its solution within a government organisation and is in discussions with several Indian banks and fintech companies for broader implementation.
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The company’s product lineup includes adapIDAI, a behavioural identity engine, and BotShield, a runtime security platform that protects against zero-day and DDoS attacks. Over the next 12–18 months, Deep Algorithm will roll out a SaaS model for mid-market clients, launch an analytics dashboard for fraud teams, and deepen its R&D in agentic AI for automated fraud resolution.
Strong investor interest amid growing cybersecurity demand
Investors see Deep Algorithm as well-positioned to meet rising demand in fraud prevention, especially as enterprises seek AI-native solutions that can adapt to evolving digital threats. The funding round reflects broader investor interest in India’s cybersecurity landscape, particularly in tools that offer real-time, contextual threat detection.
The company aims to emerge as a key player in the identity security and fraud detection space, delivering scalable, enterprise-grade solutions with a strong focus on regulatory compliance and operational reliability.
