Tech startup: Logically raises $24M via Vitruvian Partners
- ByStartupStory | March 19, 2022
A tech startup, Logically, that tackles harmful misinformation online, on Thursday announced its raise of about $24 million in a funding round led by Vitruvian Partners.
Amazon Alexa Fund and existing seed investors XTX Ventures and the Northern Powerhouse Investment Fund (NPIF) also participated in the round.
In order to scale its team and capabilities in India and drive growth across other core markets, including the US and UK, the UK-headquartered startup will use the funds.
Moreover, its capital will be used in order to accelerate its technologies across Artificial Intelligence (AI), Machine Learning (ML), and OSINT, so as to fight against harmful and misleading online information in critical areas, including public health, election integrity, and national security, the statement added.
Logically was founded by MIT and Cambridge alumni Lyric Jain in the year 2017. It combines advanced AI with human intelligence and expertise in order to tackle misinformation online content at scale. To enhance civic discourse, protect democratic debate and process, and provide access to trustworthy information has been aimed by the startup.
In 2021, Logically continued to invest in Bengaluru and Mysore, in its engineering and OSINT teams more than doubling its headcount in India. The startup officially launched its flagship threat intelligence platform, Logically Intelligence, offering both analytical capabilities and countermeasure deployment in order to tackle mis and disinformation, in March 2021.
The issues of mis and disinformation was approached by the startup from an end-to-end perspective, with Logical Intelligence being able to find, triage, and respond to information threats across over 120 million domains and 40 social media platforms at certain speed and scale.
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