Alethea, a pioneer in the field of disinformation detection and mitigation, has successfully closed a $20m Series B funding round.
The round was prominently led by GV, with significant contributions from Ballistic Ventures, which also spearheaded Alethea’s Series A round in 2022, and Hakluyt Capital, known for investing in high-potential, internationally ambitious companies.
This latest infusion of capital underscores the confidence investors have in Alethea’s innovative technology and its potential to significantly impact the creation of a secure digital landscape. To date, Alethea has raised a total of $34m.
Alethea is at the forefront of developing cutting-edge solutions that detect and mitigate disinformation and misinformation. The company’s flagship product, Artemis, provides early warnings of security risks, including cyber attacks, disinformation campaigns, and foreign influence operations.
Utilising AI, Artemis scans a wide array of data points across numerous platforms and languages, alerting organisations to potential threats and enabling proactive management of vulnerabilities.
The funds from the Series B round will be employed to expand Alethea’s sales and marketing initiatives, aiming to extend the reach of Artemis to all organisations with an online presence. Furthermore, the investment will support the growth of Alethea’s team and the enhancement of Artemis’ features to better meet the evolving needs of their customers.
Additional information about the company highlights Alethea’s commitment to using AI for social good by addressing the increasingly complex challenges of disinformation in the digital age. Alethea’s approach not only protects organisations but also fortifies the integrity of digital democracies.
Alethea founder and CEO Lisa Kaplan expressed the urgency of their mission: “Companies’ biggest vulnerabilities today lie outside of their own systems, and the incoming threats we have to worry about are from those who are weaponizing information to break into and manipulate customer, investor, and stakeholder decisions,”
Kaplan said. “We built our Artemis product to move organisations from passive listening to active risk management. Since the launch, our customers have been able to use Artemis to detect and prebunk threats early, use our insights to inform mitigation responses, and better protect themselves from increasingly sophisticated adversaries.”
Previously, Alethea raised significant funds during its Series A round, which has been foundational in developing their critical technological infrastructure and scaling their operations.
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