Logically, a technology company using advanced AI to tackle harmful mis- and disinformation, announced the completion of a $24 million funding round led by growth investor Vitruvian Partners.
The round also included investment from the Amazon Alexa Fund, and existing seed investors XTX Ventures and the Northern Powerhouse Investment Fund (NPIF), managed by Mercia Asset Management Plc.
Logically will use the funds to scale its capabilities and drive growth across its three core markets in the US, UK, and India.
The investment enables Logically to accelerate its technologies across AI, machine learning, and OSINT, and stay at the forefront of the fight against harmful and misleading online information and conspiracy-driven threats in critical areas such as election integrity, public health, and national security.
Company: TheLogically Limited
Raised: $24.0M
Round: Unknown
Funding Month: March 2022
Lead Investors: Vitruvian Partners
Additional Investors: Amazon Alexa Fund, XTX Ventures, and the Northern Powerhouse Investment Fund (NPIF)
Company Website: https://www.logically.ai/
Software Category: end-to-end threat intelligence platform
About the Company: Founded in 2017 by MIT and Cambridge alum Lyric Jain, Logically is a technology company combining advanced artificial intelligence with human expertise to tackle harmful and problematic online content at scale. It aims to provide everyone, from individual citizens to national governments, with the tools they need to identify and disarm damaging and misleading information. Logically is a social enterprise specializing in the use of artificial intelligence (AI) to improve how we consume and interact with information online. Logically develop both consumer and B2B/G products that use AI to analyze the vast quantities of information on the internet and assess its credibility and veracity. Logically is an award-winning international team of over 120 data scientists, engineers, analysts, developers, and investigators, united by the company’s mission to enhance civic discourse, protect democratic debate and process, and provide access to trustworthy information. In 2021, Logically was named one of the world’s most innovative artificial intelligence companies by Fast Company and won the Rising Star in Tech CogX Award. The company has offices in the U.K., U.S., and India.
Source: https://www.logically.ai/press/logically-announces-24m-funding-round