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Rosenblatt Advises AI-Driven Authorization & Authentication Firm Deep Labs In Securing $16 Million Investment

Rosenblatt Advises AI-Driven Authorization & Authentication Firm Deep Labs In Securing $16 Million Investment
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Rosenblatt Securities is pleased to have advised Deep Labs, the creator of patented artificial intelligence-driven decisioning and risk systems and recently selected participant in the Goldman Sachs Black and Latinx Entrepreneur Cohort, in its latest round of financing.  The Company’s announcement of the closing of the initial tranche of a $16 million commitment from a group of highly experienced financial services investors and executives can be found here. The investor group is led by Gunnar Overstrom, Partner at Corsair Capital, and also includes Serendipity Capital, Gramercy Ventures and a number of current and former Chairmen, CEOs and other C-level execs from transaction networks, universal banks and large hedge funds and asset managers. The funds will allow Deep Labs to leverage the power of its unique persona-based, context-aware intelligence in the fast-growing Card-Not-Present environment, increasing authentication and authorization accuracy and reducing susceptibility to cybercrime, while still lessening transaction friction and the number of false declines. Mastercard is one of Deep Labs’ partners and early marquee clients include Visa and American Express, authentication leaders such as Clear, and the U.S. Government. 

Dr. Scott Edington, co-founder and CEO of Deep Labs, said of Rosenblatt: “Even in an unprecedented funding environment during a pandemic in which face-to-face meetings with investors weren’t possible for nearly the entirety, Rosenblatt delivered.  In fact, the round was ultimately upsized to accommodate investor interest and position us for the long-term. Rosenblatt ran a meticulous process and prioritized assembling an investor group that could contribute more than just capital.  The advice was spot-on throughout.  Focus and critical problem-solving by its senior management were key.  Rosenblatt will always be a trusted adviser and I am delighted to add a new aspect to the relationship by representing Deep Labs at Rosenblatt’s upcoming Reimagining FinTech Summit.” 

Rosenblatt’s Investment Banking division has a strong track record of helping innovative FinTechs and increasingly a broader universe of technology, media, and telecom companies raise private capital, go public, and pursue M&A. Rosenblatt is a thought leader and trusted advisor, uniquely positioned to connect disruptors and incumbents with customers, channel partners, and investors. Deep domain expertise and relationships with some of the most sophisticated and demanding market participants globally are hallmarks of our team, which has been on Institutional Investor’s FinTech Finance 40 ranking for two years running. In 2020, Rosenblatt has been the adviser on five closed transactions, including the sale of low latency infrastructure provider Exablaze to Cisco, GTS’ acquisition of Barclays equity option market making business, and capital raises by surveillance solutions provider Eventus and artificial intelligence-driven authorization and authentication firm Deep Labs. Click here for more transactions on which we have advised.

About Deep Labs

Founded in 2016 by a team of experienced payments and signals intelligence experts, Deep Labs is powered by its patented platform leveraging persona-based dynamic adaptive risk and propensity profiles to address a range of risk, fraud, and user engagement use cases across the entire banking and financial technology ecosystem, including authentication and authorization, account takeover, AML, false declines to credit applications, account onboarding, marketing decisioning, and identity verification for two-sided marketplaces. Deep Labs’ unique persona-based artificial intelligence enables businesses to solve complex problems and continuously assess risk in real time. The result is reduced fraud and identity theft, optimized customer experience, and better business decisions leading to revenue growth, reduced cost, and more intelligent predictive decisions for end customers. Deep Labs was named Company of the Year in 2019 in the Golden Bridge Awards® Artificial Intelligence Category.  Please see www.deep-labs.com.

About Rosenblatt Securities

Rosenblatt Securities is a boutique tech research firm, investment bank, and independent institutional brokerage founded in 1979 and headquartered in New York. The firm represents clients on an agency-only basis on its cutting-edge program trading desk and on the floor of the New York Stock Exchange, where it the largest broker by volume. The firm also provides industry-leading execution analytics, market-structure analysis, consulting and investment-banking services to a wide variety of clients globally, including institutional investors, exchanges, government entities, technology companies, banks, brokers and proprietary trading firms. Its growing research offering includes coverage of technology, media, and telecommunications and emerging, frontier, and developed markets. Member NYSE, FINRA, SIPC. For more information, please visit www.rosenblattsecurities.com.