DeepSee, which uses AI to automate business operations and generate insights, raises $22.6M Series A led by ForgePoint Capital
Frederic Lardinois / TechCrunch :
Context & Ripple Effects
ForgePoint Capital is putting its freshly enlarged war chest to work: the firm just closed a $450M second fund that lifts assets under management to $750M, and DeepSee — which automates business operations and generates insights with AI — is an early deployment from that capital. The check also extends the firm's remit past pure cybersecurity into adjacent enterprise AI.
The round lands in a category where decision-making AI has already attracted serious money: InstaDeep, selling decision-making AI for businesses, scaled from a $7M Series A to a $100M Series B within a few years. DeepSee's Series A positions it on the same trajectory, with ForgePoint's security pedigree shaping how the platform is sold.
First-order effects
- DeepSee gains $22.6M and a lead investor whose $750M under management can support follow-on rounds, giving it runway to expand the automation-and-insights platform now.
- ForgePoint converts its new $450M cybersecurity fund into exposure outside core security tooling, betting that operations automation sits close enough to its existing portfolio and buyer relationships.
Second-order effects
- Incumbent vendors in business-process automation now compete against a well-funded entrant backed by a firm with deep enterprise-security distribution, pressuring them on both pricing and the security posture of their own AI offerings.
- Other specialist funds watching ForgePoint stretch beyond security face the same choice — widen their mandate or risk losing deal flow in AI-driven enterprise software.
Third-order effects
- If security-focused funds keep financing adjacent automation and insight platforms, the boundary between 'cybersecurity VC' and 'enterprise AI VC' blurs, consolidating capital around firms that can sell across both budgets.
- Companies like DeepSee could follow the InstaDeep pattern of rapid step-ups from Series A to nine-figure later rounds, tightening competition for the limited set of investors willing to price early-stage business-automation AI.
The trend: Specialist venture firms are using enlarged funds to push from their original security focus into broader enterprise-AI automation, with ForgePoint's $750M platform making DeepSee-style bets a template.