Pyrra Technologies, a Washington, DC-based company whose cutting-edge AI identifies threats across alternative social media, announced that it raised $2.3 million in seed funding.
The round was led by Ducera Investments, with participation from Andav Capital and Growth Science Ventures.
The capital received will be deployed to accelerate the company’s technical roadmap and market expansion plans.
Pyrra, which launched in late 2021, started as a research and development project of Human Rights First, a historic non-governmental organization (“NGO”) based in New York.
With financial, reputational, operational, and physical attacks inspired and organized by content on alternative social media platforms continuing to surge, the company identified a unique opportunity to develop a suite of solutions that enables customers to stay ahead of emerging threats.
“This funding round demonstrates the growing need for innovative technologies to tackle these emerging threats. We are moving fast to stay one step ahead of the aggressors, and this capital will ensure we can build the technological solutions our customers need to stay safe.We are grateful for the support we have received from our investors, and deeply appreciate their partnership as we seek to scale our business,” said Dr. Welton Chang, Pyrra’s Chief Executive Officer.
Pyrra is currently used by almost twenty organizations, including security teams at Fortune 500 companies across a variety of industries, media outlets, NGOs, and academic researchers.
Company: Pyrra Technologies Inc.
Raised: $2.3M
Round: Seed Round
Funding Month: June 2023
Lead Investors: Ducera Investments
Additional Investors: Andav Capital and Growth Science Ventures
Company Website: https://www.pyrratech.com/
Software Category: Threat Research Software
About the Company: Pyrra is a developer of online threat research software designed to make the internet and the world safer. The company's platform utilizes AI and machine learning models that sweep websites to detect potentially harmful content and filter data to rapidly identify the highest priority credible extremist language, violent threats, and misinformation, enabling individuals, principals, corporations, institutions, and clients to streamline their research and make investigations faster and more effective.
Source: https://www.businesswire.com/news/home/20230612335211/en/Pyrra-Technologies-Closes-Successful-Seed-Round