April 11, 2024 at 06:12AM
Alethea, a company specializing in disinformation and threat detection, raised $20 million in a Series B funding round, bringing total investment to $34 million. The latest funding from GV, Ballistic Ventures, and Hakluyt Capital will enhance the Artemis product, leveraging AI to identify risks and provide early warning for cyberattacks, disinformation, and misinformation.
From the meeting notes provided, it is clear that Alethea, a company specializing in the detection and mitigation of disinformation and other threats, has raised $20 million in a Series B funding round. This latest funding, which brings the total investment in the firm to $34 million, will be used to enhance its product, Artemis, and boost its sales and marketing efforts. The funding was led by GV, with participation from Ballistic Ventures and Hakluyt Capital.
Artemis is Alethea’s flagship product, leveraging AI to identify potential risks to customers based on data collected from online places that may not be accessible to everyone. It aims to provide an early warning for cyberattacks, disinformation, misinformation, and influence operations. The product has already been used by Fortune 500 companies, private firms, and non-profit organizations.
Lisa Kaplan, founder and CEO of Alethea, emphasized that organizations’ biggest vulnerabilities today lie outside of their own systems, and the threats they have to worry about are from those weaponizing information to break into and manipulate customer, investor, and stakeholder decisions. The Artemis product is designed to move organizations from passive listening to active risk management, allowing customers to detect and prebunk threats early, use insights to inform mitigation responses, and better protect themselves from increasingly sophisticated adversaries.
Furthermore, a report published by Alethea revealed details of a Russian disinformation campaign involving over 5,000 X accounts and 80 websites, with the apparent goal to undermine support for Ukraine among the US and its allies.
In addition to the meeting notes provided, related news highlights in the cybersecurity and AI security sectors were also mentioned, reflecting the broader industry context. This includes fundraising activities by other cybersecurity firms and AI security startups.
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