Cybersecurity Startup Deep Algorithm Raises ₹10.8 Cr to Boost AI-Powered Fraud Prevention

Deep Algorithm Solutions, a cybersecurity and AI startup focused on fraud prevention in digital finance, has raised ₹10.8 crore in a recent funding round.

According to the startup, the funds will fuel team expansion in engineering and threat intelligence, bolster go-to-market strategies across India and Southeast Asia, and strengthen integrations with platforms like Azure AD and Okta. The company also aims to enhance its behavioural AI and fraud analytics engine.

“This funding validates our belief that continuous authentication and adaptive behavioural intelligence are central to the future of digital trust. Our vision is to empower financial institutions and digital businesses to stay ahead of emerging threats while delivering seamless and secure experiences to their customers,” JP Mishra, Founder and CEO, Deep Algorithm, said.

The startup plans to scale its presence in Mumbai and Bengaluru while exploring deals in Kenya, South Africa, and the UAE. It is also building strategic partnerships with system integrators and cloud marketplaces.

Over the next 12–18 months, Deep Algorithm will launch a SaaS model for mid-market clients, enter two new global markets, roll out a fraud analytics dashboard, and ramp up R&D into agentic AI solutions.

The company’s key offerings include adapIDAI, an adaptive behavioural identity security tool, and BotShield, which defends against zero-day threats and DDoS attacks.

The funding round was led by Unicorn India Ventures, with participation from multiple angel investors.

“The rising demand for cybersecurity solutions is strengthening market growth. [Hence], it has become crucial to provide comprehensive tech deliverables to businesses, especially for the BFSI sector, as they carry a highly sensitive nature of financial data,” Anil Joshi, Managing Partner at Unicorn India Ventures, said.