Unicorn Ventures leads funding in Deep Algorithm and other India deals

Unicorn Ventures leads funding in Deep Algorithm and other India deals

Deep Algorithm Solutions, a cybersecurity and AI startup focused on fraud prevention in digital financial ecosystems, has raised nearly $1.25 million (Rs 10.8 crore) in its seed funding round led by Unicorn India Ventures, it announced on Wednesday.

The round also saw participation from other angel investors, the startup said in a statement.

The funds raised will be primarily used to scale engineering and threat intelligence teams, accelerate GTM activities in India and Southeast Asia, expand integrations with key enterprise platforms (Azure AD, Okta etc.), enhance the behavioural AI and fraud analytics engine, the statement added.

The company plans to expand its sales presence in BFSI hubs like Mumbai and Bengaluru, and is in advance talks with clients in Kenya, South Africa, and the UAE. It is also building channel partnerships with system integrators and cloud marketplaces, the statement added.

Founded in December 2021 by JP Mishra, Deep Algorithm’s flagship platform includes adapIDAI (adaptive behavioural intelligence identity security risk engine) and BotShield (prevent zero-day attack, DDOS mitigation and run time application security).

INDIA DEAL MONITOR

Here are the prominent venture capital transactions in India announced from July 15-16, 2025.

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StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)IndustryVerticals
Deep Algorithm SolutionsHyderabad1,250,000SeedUnicorn India Ventures-SoftwareBig Data
Fire AI Mumbai-Pre-SeedVenture CatalystsGaurav Khatri (Co-founder and CEO of Nois, Amit Kumar Singh (Former Managing Director, Central Warehousing Corporation)SoftwareAI and Machine Learning
Mufin Green FinanceDelhi6,500,000DebtDeveloping World Markets (DWM) -Financial ServicesFintech Lending
TruemedsMumbai20,000,000Series CPeak XV Partners-PharmaceuticalsE-commerce
TrupeerBengaluru3,000,000SeedRTP GlobalSalesforce VenturesSoftwareAI and Machine Learning
The Wedding CompanyBengaluru1,000,000Pre-SeedLVX, Tremis CapitalWakefit co-founder Chaitanya Ramalingegowda, Ajith Pai, Dropbox co-founder Arash FerdowsiConsumer Services-
Dial4242Mumbai1,040,000Pre-Series AIAN GroupBioAngels, IIM Bangalore’s NSRCELHealthcare ServicesRidesharing/Transport
Aquila CloudsGurugram--Finvolve-SoftwareFintech
KNOTMumbai3,000,000Pre-Series AKae Capital Sparrow Capital, Boundless Ventures LLP, founders of SNITCH, The Souled Store, and Bonkers CornerRetailE-commerce
Zulu ClubGurugram250,000pre-SeedTDV Partners-RetailE-commerce
ZuppaChennai1,500,000BridgeRahul Dewan, founder of Sangam TalksAjay Gupta, The Mangwani Family Office former owners of Aquapharm Chemicals Pvt Ltd

 

Edited by: Joymitra Rai

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