Alethea, a Washington, DC-based technology company specializing in disinformation detection and mitigation, has closed $20 million in Series B funding, bringing its total funding to $34 million.
Investors
The round was led by GV, with participation from Ballistic Ventures, and Hakluyt Capital joined the round as an investor.
Founded in 2009, GV is a corporate venture capital arm of Alphabet based in San Francisco, California. The firm prefers to invest in the enterprise, life sciences, consumer, and frontier technology sectors. The firm has additional offices in Cambridge, London, and New York. GV has over $10 billion in assets under management, 400 active portfolio companies across North America and Europe.
Alethea Use of Funds
The company will use the funds to scale sales and marketing efforts, grow the team, and enhance Artemis’ features and capabilities to provide tailored solutions that address evolving customer challenges.
About Alethea
Alethea is a technology company helping the Fortune 500, private companies, and nonprofits protect themselves from harm stemming from disinformation. Its AI-powered solution, Artemis, utilizes machine learning and advanced analytics to provide real-time threat detection, monitoring, comprehensive risk assessment, and mitigation of potentially harmful content. Utilizing AI, Artemis analyzes vast amounts of data across various platforms and languages. Alethea’s mission is to protect organizations from harms caused by disinformation, misinformation, and social media manipulation. The company was founded in 2019 and is woman-owned.
Funding Details
Company: Alethea Group, Inc.
Raised: $20.0M
Round: Series B
Funding Month: April 2024
Lead Investors: GV
Additional Investors: Ballistic Ventures, Hakluyt Capital
Company Website: https://alethea.com/
Software Category: Disinformation Detection and Mitigation
Source: https://alethea.com/insights/alethea-raises-20m-in-series-b-funding-for-disinformation-mitigation