Alethea, a pioneering technology company specializing in disinformation detection and mitigation, has announced the successful closure of a $20 million Series B funding round led by GV, with participation from Ballistic Ventures and Hakluyt Capital. This funding round builds upon Alethea’s previous Series A funding in 2022 and signifies strong investor confidence in the company’s vision, technological capabilities, and its mission to create a more secure digital environment. With this latest investment, Alethea’s total raised capital now stands at $34 million.
Lisa Kaplan, Founder and CEO of Alethea, emphasized the growing threat posed by disinformation campaigns targeting organizations’ external stakeholders. She highlighted the importance of proactive risk management and the role of Alethea’s flagship product, Artemis, in enabling organizations to detect and preemptively address threats posed by cyber attacks, disinformation, misinformation narratives, and influence operations.
Artemis, Alethea’s groundbreaking solution, utilizes AI to identify and assess potential security risks across various digital platforms, including niche social media platforms and extremist communities. By analyzing vast amounts of data, Artemis provides actionable insights to communication, risk, and security teams, enabling them to respond effectively to emerging threats.
The Series B funding will support Alethea’s efforts to expand its sales and marketing initiatives, grow its team, and enhance Artemis’ features and capabilities. The company aims to make its solutions accessible to organizations worldwide and address evolving challenges in the realm of cybersecurity and disinformation.
Karim Faris, General Partner at GV, commended Alethea’s innovative approach to leveraging machine learning in combating disinformation. He emphasized the critical role of technology in safeguarding organizations’ brand reputations and bottom lines.
Ted Schlein, Co-founder and General Partner at Ballistic Ventures, underscored the importance of combating disinformation as a threat to democracy and society’s digital future. He expressed confidence in Alethea’s ability to empower a wide range of customers, from Fortune 50 companies to the public sector, in addressing this pressing issue.
Alethea’s recent report on Russian interference tactics in the 2024 US Presidential Election, covered exclusively by The New York Times, sheds light on the evolving landscape of disinformation campaigns. The report highlights the use of new amplification tactics, such as the “Invisible Ink” method, by Russian actors to manipulate public opinion and advance their geopolitical objectives.
For those interested in joining Alethea’s mission, the company invites individuals to explore career opportunities across various functions, including data science, product development, engineering, finance, operations, marketing, and sales. Additionally, organizations can sign up for a demo of Artemis to learn more about how the platform leverages advanced analytics and machine learning to detect and mitigate online threats effectively.
