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Venture Capital News: Alethea Raises $20M Series B Financing Round

2024-04-09
SAN FRANCISCO, CA, Alethea, the leading technology company in disinformation detection and mitigation, announced the close of a $20 million Series B funding round.
The round was led by GV, with participation from Ballistic Ventures, who led Alethea's Series A funding in 2022. Also participating in the round is Hakluyt Capital, which invests alongside leading venture capital funds, targeting companies with high growth potential and international ambitions. This new investment signifies investor confidence in Alethea's vision, technology capabilities, and the transformative impact the company will have on creating a more secure digital environment. The new funding brings Alethea's total raised to $34M.

Alethea is a technology company helping the Fortune 500, private companies, and nonprofits protect themselves from harms stemming from disinformation. Leveraging its multi-channel machine learning platform, Artemis, Alethea detects disinformation narratives across the internet, enabling customers to proactively defend against this pervasive threat. With Artemis-powered early detection, Alethea customers can protect their reputations, key assets, physical safety and market value. The company was founded in 2019 and is woman-owned.
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