Cyabra Secures $ 5.6 Million Series A To Launch News Disinformation Detection Analysis Tools – TechCrunch
The content of disinformation and disinformation continued to increase on social media channels, and its effects have impacted all types of organizations, from public organizations to private organizations. A startup based in Tel Aviv, Israel called Cyabra built a SaaS platform that measures authenticity and impact within the online conversation, detects fake news and its authors, and further analyzes it to connect the dots.
The startup announced it has closed a $ 5.6 million Series A round as it releases several new disinformation detection analysis tools that help increase genuine conversations, consumer influence, trends, as well as the success and reputation of companies. His Series A round brings the total raised to $ 7.6 million.
The latest funding was led by Our Crowd, as well as Peter Thiel’s Founders Fund, Harpoon Ventures, Alabaster, Complice, Red Sheperd Ventures, Summus Z, TAU Ventures and Capital Y Management. Angel investors including former Samsung Pay Global Co-Managing Director Will Graylin and former Tinder CPO Brian Norgard also joined the round.
Cyabra will use the product to strengthen its research and development team, expand the company’s global presence in the United States and Asia by adding marketing and sales teams as well as hiring staff, the company told TechCrunch. CEO of Cyabra Dan Brahmy. He also plans to open an office in the United States on the east coast, Brahmy said.
Founded in 2018 by Brahamy, COO Yossef Daar and CTO Ido Shraga, the startup aims to become the online conversation filtering mechanism used by various types of organizations, Brahmy told TechCrunch. The company can differentiate itself from its competition with its new proliferation modules, also known as snowball analysis, which allow customers to understand the stories and discover trends to take the pulse of the business. ‘an authentic conversation, continued Brahmy.
Snowball effect analysis also allows users to understand how speed and time can affect the shape of stories animated by impactful writers.
Cyabra uses an AI lens to help its customers understand where communities are forming online to deliver group messaging. It also targets influencer perpetrators who perpetrate the most proliferation. The business can collect and analyze information from tens of thousands of data sources, enabling its machine learning to achieve precision. The company also enhanced its standalone customer notification system, allowing users to customize their preferences regarding authenticity and proliferation changes in real time.
Cyabra serves clients across a variety of industries including financial services, consumer brands, advertising agencies, and public organizations with the tools to uncover information about genuine narratives and authors, and even deep fakes, to examine the influence of harmful conversations. and fake news online, Brahmy explained.
Its clients and partners include the United States Department of State, the global advertising agency TBWA, and several major financial institutions. Cyabra says its revenue grew 400% in 2020, further demonstrating the need for these organizations to measure real conversations online.
Some other industry peers have been acquired by tech giants including Twitter, which acquired Fabula AI, based in the UK in 2019, and Facebook, which purchased Bloomsbury AI in UK in 2018 to help fight fake news.
“We founded Cyabra to bring authenticity to the digital realm, providing solutions to help understand the abundance of noise in online conversations today and uncover truths in those stories,” said Brahmy. “Disinformation is no longer just a political issue; We’re seeing mainstream brands identify a serious need to take a close look at their reputation and sentiment online. We’re excited to expand our presence and leadership team to provide these businesses with the resources and information they need to make data-driven decisions and tackle disinformation.
“Nothing is more important in these times than verifying information,” said OurCrowd CEO Jon Medved. “Cyabra helps large businesses and organizations make sure what we all read gets verified first. It is both a great social need and a great investment.