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PayPal to invest in threat prevention developer

May 3, 2023

Via: Charged

PayPal is set to invest in threat prevention developer, Deep Instinct, which is the first organisation to apply deep learning to cybersecurity.

PayPal Ventures joins existing investors which includes Black Rock, Chrysalis Investments, Millennium, Unbound, Untitled Investments, The Tudor Group and Coatue Management.

Deep Instinct claims to have the unrivalled ability to sense out cyber threats well before other, more conventional solutions can.

Its growth is driven by its disruptive threat prevention technology, with PayPal’s investment aims to help accelerate its expansion.

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