Cyabra, which developed a SaaS platform that measures authenticity and impact within online conversations, announced the completion of a $5.6 million series A funding round led by OurCrowd. The new funds bring Cyabra’s total funding close to $7.6 million raised.
Additional investors in this round include Founders Fund, Harpoon Ventures, Alabaster, Accomplice, Brian Norgard, Red Sheperd Ventures, Will Graylin, Summus Z, TAU Ventures and Capital Y Management.
The funding will serve to further fuel the company’s growth efforts to continue to detect inauthentic narratives and examine the influence of conversations online. This round will be utilized to build out a robust research and development team to support the platform's ongoing expansion, with an emphasis on adding sales and marketing teams to capture a global market.
Fake news, misinformation, and blatant disinformation has continued to grow across social media channels, and its effects have impacted every type of organization, from the public to private organizations. Cyabra’s platform detects false information and its authors and further analyzes it to connect the dots. Beyond identifying nefarious authors, Cyabra’s AI lens allows its customers to understand where communities are forming online to push group messaging, and zero in on the authors of influence perpetrating the most proliferation.
Nimrod Cohen, managing partner at TAU Ventures: “We are pleased to support Cyabra from the start of their journey and to see how the company is carrying out its vision through its customers and leading investors. I’m convinced that the current funding round, together with market readiness, will launch the company to new heights.”
Founded in 2018, Cyabra is led by a team of information warfare experts that have leaned on their expertise to provide consumer brands, advertising agencies, financial and public organizations with the needed tools to uncover information about inauthentic narratives and authors, even expanding to the likes of deep fakes, to examine the influence of nefarious conversations and fake news online.
Over the past year, Cyabra has reported a 400% growth in revenue, further showing the need for these organizations to measure genuine conversations occurring across the internet. Cyabra’s clients and partners include the U.S. State Department, global advertising agency TBWA and several large financial institutions.
“We founded Cyabra to bring authenticity to the digital realm, offering solutions to help make sense of the abundance of noise in online conversations today and uncover truths within these narratives,” said Dan Brahmy, Cyabra CEO and Co-Founder. “Disinformation is no longer solely a political issue; we’re seeing consumer brands identify a serious need to examine their online reputation and sentiment under a close lens.”