Hyderabad — Deep Algorithm, a cybersecurity and digital trust company, has raised ₹16 crore in a pre-Series A funding round led by Unicorn India Ventures, the company announced on Wednesday.
The round also included participation from SB Investment (UAE), Prakash Govindan, CEO of Gradiant, and Himanshu Singhal, CEO of inMorphis. According to the company, the funds will be used to support international expansion, accelerate product development, and enhance its platform with additional features aimed at addressing evolving identity and AI-driven security challenges.
Founded in 2021, Deep Algorithm operates a business-to-business model focused on enterprise cybersecurity solutions. Its offerings include adapID-AI, a behavioral intelligence-based identity engine designed to detect compromised credentials and unusual access patterns, and BotShield-AI, which provides threat prevention, distributed denial-of-service mitigation, and runtime application protection.
The company is also preparing to launch its adapID AI Continuous Identity Risk Management platform, aimed at securing interactions involving AI-driven systems.
Founder and CEO JP Mishra said the company’s approach focuses on continuous monitoring of identity behavior to address emerging threats, particularly those involving artificial intelligence. He added that the firm recorded a threefold increase in annual recurring revenue from FY25 to FY26 and expects further growth in the coming years.
Anil Joshi, Managing Partner at Unicorn India Ventures, said the investment reflects growing demand for cybersecurity solutions as threats evolve with advances in AI.
Deep Algorithm serves clients across banking, financial services, and enterprise sectors, including Canara Bank, Karnataka Bank, DCB Bank, CSB, NCRTC, and BVH, and is currently engaged in discussions with additional institutions.
