Funding · Enterprise Software & IT

Deep Algorithm raises Rs 16 crore in pre-series A round

By Startup Enthusiast · 22 April 2026

What they do

Deep Algorithm provides B2B enterprise cybersecurity solutions to protect digital assets

The company raised Rs 16 crore led by Unicorn India Ventures to expand globally

Revenue tripled in FY25 and the firm targets a twentyfold increase by FY27

Deep Algorithm secured Rs 16 crore in a pre-Series A funding round.
Unicorn India Ventures led the investment with participation from SB Investment (UAE).
Individual investors Prakash Govindan and Himanshu Singhal also participated in this round.
The company plans to use funds to expand into international markets significantly.
Previous funding included Rs 10.8 crore from the same lead investor.
Total funding raised stands at over $2.95 million across three rounds.
The startup was founded in 2021 according to most sources.

Revenue growth tripled from FY25 to FY26 showing strong market traction.
The company aims for a twentyfold revenue increase by FY27.
Existing clients include major banks like Canara Bank and Karnataka Bank.
Discussions are ongoing with defense and government organizations for new contracts.

Deep Algorithm operates as a B2B enterprise cybersecurity provider.
It serves clients in the BFSI, fintech, and enterprise sectors.
The core product is adapID-AI, an adaptive behavioral intelligence identity engine.
BotShield-AI protects against zero-day attacks, DDoS, and runtime app security.
An upcoming product is the adapID AI CIRM Platform for Agentic Identity.
Current employees number 61 working on these security solutions.
Clients include Canara Bank, Karnataka Bank, DCB Bank, and CSB.
Ongoing discussions involve potential deals with banks and defense organizations.
The company focuses on strengthening platforms with advanced AI security features.

Unicorn India Ventures (lead) — Led the current round and previously invested Rs 10.8 crore.
SB Investment (UAE) (participated) — A UAE-based investment firm participating in this round.
Prakash Govindan (participated) — CEO of Gradiant in the USA acting as an individual investor.
Himanshu Singhal (participated) — CEO of inMorphis in India acting as an individual investor.

Product: adapID-AI behavioral identity platform and BotShield-AI threat prevention solution
Customers: Enterprise customers in BFSI, fintech, and government sectors
How it makes money: B2B SaaS licensing model for enterprise security
What sets it apart: Behavioral identity modeling detects compromised credentials and insider threats before exploitation