Artificial Intelligence Company Depthfirst Secures $80 Million in Series B Funding
Depthfirst Secures $80 Million in Series B Funding for Cutting-Edge Security Solutions
San Francisco-based software security startup Depthfirst has secured $80 million in Series B funding, bringing the total raised to $120 million since January.
Led by Meritech Capital, the investment supports the development of innovative security solutions aimed at addressing vulnerabilities across software and infrastructure layers.
Founded in 2024 by industry leaders from DeepMind, Databricks, and Faire, Depthfirst focuses on integrating specialized intelligence capabilities into its security platform.
The company recently launched Dfs-mini1, its first in-house security model designed to secure cryptocurrency smart contracts.
This cutting-edge model is built on an open-source framework and has demonstrated the ability to generalize beyond smart contracts, applying its security expertise to various domains.
The fresh funding will enable Depthfirst to expand its research team, develop additional security models, and enhance enterprise adoption.
Co-founder and CEO Qasim Mithani emphasized the importance of deploying security-specific models in products tailored for real-world security workflows, requiring specialized data, domain-specific evaluation, and in-depth expertise in post-training.
Recent Funding Rounds
- Allure Security secured $17 million in funding.
- 1stProtect received $20 million in funding.
- Raven secured $20 million in funding.
- Manifold received $8 million in funding.
Cybersecurity Incidents
- Toys giant Hasbro suffered a major breach affecting millions of customers.
- Lloyds was impacted by a cyberattack exposing sensitive information of over 450,000 individuals.
- A targeted attack on TeamPCP exposed devices to hacking exploitation.
- A critical flaw in FortiClient EMS compromised VPN functionality.
Data Security Risks
- Experts warn of the risks associated with data security, particularly when it comes to mobile apps originating from China.
- The FBI issued a warning regarding data security risks from Chinese-made mobile apps.
As the cybersecurity landscape continues to evolve, companies like Depthfirst are working tirelessly to develop innovative solutions to combat emerging threats.
“The funding will enable us to expand our research team, develop additional security models, and enhance enterprise adoption,” said Qasim Mithani, co-founder and CEO of Depthfirst.
In related news, several prominent organizations have faced cyberattacks and security incidents, highlighting the importance of investing in cutting-edge security solutions.