Ukrainian Startup LetsData Raises €1.5M to Combat Disinformation with AI
January 16, 2025, 4:15 pm
In a world where information flows like a raging river, disinformation lurks like a stealthy predator. It disrupts elections, tarnishes reputations, and skews public opinion. Amid this chaos, a Ukrainian startup, LetsData, emerges as a beacon of hope. Founded in 2022 by Ksenia Iliuk and Andriy Kusyy, LetsData has developed a cutting-edge solution to tackle the rising tide of misinformation.
On January 15, 2025, LetsData announced a successful pre-seed funding round, raising €1.5 million ($1.6 million). This investment comes from a diverse group of backers, including SMOK Ventures, Wayra, Tilia Impact Ventures, and Google’s Ukraine Support Fund. The funds will be used to expand into the US and European markets, scale technology, and enhance their InfoOps detection capabilities.
LetsData operates in the cybersecurity realm, specifically focusing on information operations (InfoOps) detection. The startup's mission is clear: to provide organizations with the tools they need to combat sophisticated disinformation threats. Traditional methods often fall short, leaving organizations vulnerable. LetsData fills this gap with a robust platform that analyzes open-source data from over 100 million websites and social media platforms in real time.
The technology behind LetsData is nothing short of revolutionary. It employs advanced AI algorithms to monitor and analyze content across more than 50 languages. By processing text and video metadata from platforms like Telegram, YouTube, and TikTok, LetsData can detect and flag misinformation at its source. This proactive approach allows organizations to respond swiftly, mitigating risks before they escalate into reputational damage or operational disruption.
LetsData's clientele includes high-profile customers such as the UK Foreign Office, NATO Armed Forces, and various corporations across the US, UK, and Europe. These organizations face an uphill battle against disinformation, often relying on understaffed teams ill-equipped to handle the complexities of modern information warfare. LetsData’s platform acts as a force multiplier, empowering these teams with actionable intelligence from day one.
The startup's founders recognized the urgent need for such a solution during the early days of Russia's invasion of Ukraine. As misinformation surged, so did the demand for advanced InfoOps detection. LetsData began as a bootstrapped venture, navigating the tumultuous waters of the information landscape without external funding. Their success in achieving $1 million in annual recurring revenue (ARR) within two years is a testament to their innovative approach and the pressing need for their services.
LetsData's business model is built on a Software-as-a-Service (SaaS) framework. This allows organizations to access real-time security radar tools without the burden of complex training or resource-intensive processes. The platform is designed to integrate seamlessly into existing workflows, enabling clients to act on alerts immediately. This ease of use is crucial in a landscape where time is of the essence.
The startup's technology goes beyond mere detection. It employs semantic understanding to group and link content across various sources, identifying intent and coordination behind information operations. This capability is vital for organizations looking to understand the broader context of disinformation campaigns. By connecting the dots, LetsData helps clients anticipate and counteract threats before they can do significant harm.
As LetsData prepares to scale its operations, the support from investors will be instrumental. The backing from established venture firms and angel investors signals confidence in the startup's potential. With the increasing demand for advanced InfoOps protection, LetsData is poised to become a leader in the cybersecurity landscape.
The startup's ambition is not just to provide a service but to set a new industry standard for InfoOps detection. In a world where misinformation can spread like wildfire, the need for reliable, actionable intelligence has never been greater. LetsData aims to disrupt the industry by delivering solutions that empower organizations to respond effectively and swiftly.
In conclusion, LetsData stands at the forefront of the battle against disinformation. With its innovative technology and strategic funding, the startup is well-equipped to tackle the challenges of modern information warfare. As organizations grapple with the complexities of disinformation, LetsData offers a lifeline, enabling them to navigate the turbulent waters of the information age. The future looks bright for this Ukrainian startup, and its impact on the cybersecurity landscape could be profound. In the fight against misinformation, LetsData is not just a player; it’s a game changer.
On January 15, 2025, LetsData announced a successful pre-seed funding round, raising €1.5 million ($1.6 million). This investment comes from a diverse group of backers, including SMOK Ventures, Wayra, Tilia Impact Ventures, and Google’s Ukraine Support Fund. The funds will be used to expand into the US and European markets, scale technology, and enhance their InfoOps detection capabilities.
LetsData operates in the cybersecurity realm, specifically focusing on information operations (InfoOps) detection. The startup's mission is clear: to provide organizations with the tools they need to combat sophisticated disinformation threats. Traditional methods often fall short, leaving organizations vulnerable. LetsData fills this gap with a robust platform that analyzes open-source data from over 100 million websites and social media platforms in real time.
The technology behind LetsData is nothing short of revolutionary. It employs advanced AI algorithms to monitor and analyze content across more than 50 languages. By processing text and video metadata from platforms like Telegram, YouTube, and TikTok, LetsData can detect and flag misinformation at its source. This proactive approach allows organizations to respond swiftly, mitigating risks before they escalate into reputational damage or operational disruption.
LetsData's clientele includes high-profile customers such as the UK Foreign Office, NATO Armed Forces, and various corporations across the US, UK, and Europe. These organizations face an uphill battle against disinformation, often relying on understaffed teams ill-equipped to handle the complexities of modern information warfare. LetsData’s platform acts as a force multiplier, empowering these teams with actionable intelligence from day one.
The startup's founders recognized the urgent need for such a solution during the early days of Russia's invasion of Ukraine. As misinformation surged, so did the demand for advanced InfoOps detection. LetsData began as a bootstrapped venture, navigating the tumultuous waters of the information landscape without external funding. Their success in achieving $1 million in annual recurring revenue (ARR) within two years is a testament to their innovative approach and the pressing need for their services.
LetsData's business model is built on a Software-as-a-Service (SaaS) framework. This allows organizations to access real-time security radar tools without the burden of complex training or resource-intensive processes. The platform is designed to integrate seamlessly into existing workflows, enabling clients to act on alerts immediately. This ease of use is crucial in a landscape where time is of the essence.
The startup's technology goes beyond mere detection. It employs semantic understanding to group and link content across various sources, identifying intent and coordination behind information operations. This capability is vital for organizations looking to understand the broader context of disinformation campaigns. By connecting the dots, LetsData helps clients anticipate and counteract threats before they can do significant harm.
As LetsData prepares to scale its operations, the support from investors will be instrumental. The backing from established venture firms and angel investors signals confidence in the startup's potential. With the increasing demand for advanced InfoOps protection, LetsData is poised to become a leader in the cybersecurity landscape.
The startup's ambition is not just to provide a service but to set a new industry standard for InfoOps detection. In a world where misinformation can spread like wildfire, the need for reliable, actionable intelligence has never been greater. LetsData aims to disrupt the industry by delivering solutions that empower organizations to respond effectively and swiftly.
In conclusion, LetsData stands at the forefront of the battle against disinformation. With its innovative technology and strategic funding, the startup is well-equipped to tackle the challenges of modern information warfare. As organizations grapple with the complexities of disinformation, LetsData offers a lifeline, enabling them to navigate the turbulent waters of the information age. The future looks bright for this Ukrainian startup, and its impact on the cybersecurity landscape could be profound. In the fight against misinformation, LetsData is not just a player; it’s a game changer.