The newest deal comes from LetsData, based in Ukraine.
👯 Founder(s): Ksenia Iliuk and Andriy Kusyy.
📅 Founding year: 2022
🏭 Industry: Cybersecurity / InfoOps detection.
💥 Problem: Organisations face increasingly sophisticated disinformation threats that disrupt elections, corporate reputations, and public opinion. Traditional tools struggle to keep up with modern information operations.
📣 Solution: LetsData uses AI to analyze open-source data across over 100 million websites and social media platforms in real time, detecting and mitigating disinformation at its origin with advanced semantic understanding. Their platform bridges the gap for understaffed organizations by providing actionable intelligence immediately upon deployment.
👥 Customers: Governments, including the UK Foreign Office, NATO Armed Forces, corporations across the US, UK, and Europe, grappling with disinformation threats.
🌱 Stage: Pre-seed.
💰 Investment amount: $1.6M (€1,55M)
🚀 Funded by: SMOK Ventures (Poland/US), Wayra (Telefónica’s innovation arm, Germany), Tilia Impact Ventures (EU-backed), 1991 Ventures (Ukraine), Google’s Ukraine Support Fund, Startup Wise Guys, and angel investors Pavla Bobosikova and Marty Krátký-Katz.
https://www.linkedin.com/posts/musielak_cybersecurity-infoops-startups-activity-7285232682668617728-P1gx
💡 It will be spent on: Expanding into the US and European markets, scaling its technology to meet rising demand, and enhancing InfoOps detection capabilities.
💪 Their specialty: LetsData leverages cutting-edge AI to monitor over 100 million sources in more than 50 languages, detecting 80% more disinformation threats at their inception.
🔑 Business model: Software-as-a-Service (SaaS), offering real-time security radar tools.
📊 Traction: Achieved $1 million in annual recurring revenue (ARR) after two years of bootstrapping.
📈 Funding so far: This is their first investment.
