When IIIT and IIT incubated Deep Algorithm Solutions raises Rs 10.8 crore to take their AI-powered fraud prevention tech from India to Kenya, South Africa, and the UAE, it’s a perfect example of how Indian fintech innovation is addressing global cybersecurity challenges.
What is the news?
- Deep Algorithm Solutions, a cybersecurity and AI startup specializing in fraud prevention, has raised Rs 10.8 crore in seed funding from Unicorn India Ventures.
- Founded in December 2021 by JP Mishra, the company offers adaptive behavioral intelligence identity security (adapIDaI) and BotShield platforms to protect against cyber threats and fraudulent activities in digital financial systems.
Why is it interesting?
- The startup was incubated at IIIT Hyderabad and the leading innovation centres in IIT Mandi and IIT Kanpur and has live deployments at DCB Bank and NCRTC, proving their tech works in real-world financial environments.
- Global expansion strategy from Indian engineering base using AI, blockchain, IoT, and cloud technologies to tackle fraud across international markets. Their behavioral AI that tracks user patterns like finger pressure and typing speed represents cutting-edge innovation that’s competing globally in the digital transformation space.