Deep Algorithm raises ₹10.8 cr to scale AI-powered cybersecurity and fraud prevention

Founded in 2021 by JP Mishra, Deep Algorithm leverages indigenous AI to combat advanced cyber threats, with flagship products adapIDAI and BotShield already deployed in a leading private bank and a key central government institution

Hyderabad-based cybersecurity and AI startup Deep Algorithm Solutions has secured ₹10.8 crore in seed funding to expand its behavioural intelligence-driven security offerings across financial and digital ecosystems. The round was led by Unicorn India Ventures and saw participation from several prominent angel investors.

Founded in 2021 by JP Mishra, the company focuses on using indigenous artificial intelligence to tackle advanced cyber threats, particularly in banking, fintech, and public sector systems. Its flagship products—adapIDAI, a continuous authentication platform based on behavioral biometrics, and BotShield, a zero-day attack prevention tool—are already deployed with a major private sector bank and a central government institution.

“Our belief is that behavioral AI will define the next generation of identity security,” said Mishra. “We are building contextual, real-time solutions that address deep-rooted challenges in fraud prevention.”

Eyeing domestic and global expansion

The fresh infusion of capital will be used to strengthen engineering and threat intelligence teams, expand go-to-market efforts in India and Southeast Asia, and integrate the platform with identity services like Azure AD and Okta. The company is also enhancing its AI-based fraud analytics engine to support a broader range of financial use cases.

On the global front, Deep Algorithm is in active discussions with potential customers in Kenya, South Africa, and the UAE. At the same time, it is scaling its sales operations in Mumbai and Bengaluru and building channel partnerships with cloud marketplaces and system integrators.

A new SaaS-based version of its platform is expected to launch soon, targeted at mid-market enterprises. It will include a dedicated analytics dashboard for fraud and risk management teams.

Backed by patents and AI innovation

Deep Algorithm was granted a government patent in March 2024 and has filed for an international PCT patent, solidifying its innovation pipeline. The company is now investing in advanced R&D focused on agentic AI to enable dynamic, real-time fraud resolution systems.

“Deep Algorithm is solving a critical problem in the digital finance space,” said Anil Joshi, Managing Partner, Unicorn India Ventures. “Their approach to behavioral biometrics and contextual AI security makes them a compelling force in the global cybersecurity landscape.”

As cyber risks intensify, Deep Algorithm’s AI-first model is emerging as a powerful ally in safeguarding digital trust.