It’s true: Funding is flowing to startups fighting disinformation

The email outlines the rise in ventures tackling online disinformation, cybersecurity M&A activities, advice for startups at crossroads, the emergence of nonprofit AI startups, and a cautious approach for LatAm founders.

Plus, cybersecurity M&A shows signs of life March 15, 2024 Hi, Tim . Going online to find accurate information these days can seem futile between AI-generated spam, deepfakes and deliberate disinformation. Sifting through what’s true, kinda true and

March 15, 2024 6:01 AM

newsletter@email.crunchbase.com

It’s true: Funding is flowing to startups fighting disinformation

<html><head> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"><meta content="http://static.crunchbase.com/daily/assets/cb-fb-share_v2.png"><meta content="image/png"><meta content="300"><meta content="300"><meta content="Crunchbase Daily"><meta content="The Crunchbase Daily is everything you'll need to start your day! Sign-up now."><meta content="2024-03-14T18:38:01Z"></head><body style="background:#eaeaea; margin:0; padding:0; width:100%!important"><div style="color:transparent; visibility:hidden; opacity:0; font-size:0px; border:0; max-height:1px; width:1px; margin:0px; padding:0px; border-width:0px!important; display:none!important; line-height:0px!important"><img border="0" width="1" height="1" src="http://sp.email.crunchbase.com/q/TqyYngx8J0o_ubrmnoJUwg~~/AARGbAA~/RgRn1supPVcDc3BjQgpl76lG9GVEo_4CUhVlbXVsaXN0MDFAb3V0bG9vay5jb21YBAAAADs~" alt=""></div><span style="color:transparent; visibility:hidden; display:none; opacity:0; height:0; width:0; font-size:0">Plus, cybersecurity M&A shows signs of life</span><img src="http://links.email.crunchbase.com/e/eo?_t=071ea1d6efd844c0a60f7d7dc2214a93&_m=f4dfef31086f4275b1dd4f25e661ac9d&_e=64iljTfsUpCaKfsnPeyQ5EhDjduQ7iNBxFWoJuzpQYGys7pZ3axsMi7Nk5bFZ3OlSqtmixOoWUI3Gra49e83R804fRnWV_zQBZ4VrgxECagNwOGC17VQcw5z1KvAL7KDsfjYrY5bSwBlyTGVo-G3xg%3D%3D" width="1" height="1" style="border:0; width:1px; height:1px; border-width:0px!important; display:none!important; line-height:0!important"> <table cellpadding="0" cellspacing="0" style="background:#eaeaea; border:0; color:#333; font-family:Arial,'Helvetica Neue',Helvetica,sans-serif; margin:0; padding:0; width:100%!important"><tbody><tr><td align="center" valign="top"><table cellpadding="0" cellspacing="0" style="border:0; padding:25px 0; width:522px"><tbody><tr><td><a href="#" style="display:block; padding:0 0 0 1px"><img height="23" src="http://static.crunchbase.com/daily/assets/cb-daily-header-logo-v5.png" width="176"> </a></td></tr><tr><td><img alt="" height="10" src="http://c0185784a2b233b0db9b-d0e5e4adc266f8aacd2ff78abb166d77.r51.cf2.rackcdn.com/blank.png" width="520" style="border:0; height:10px; margin:0; padding:0; width:520px"></td></tr><tr><td><table cellpadding="0" cellspacing="0" style="background:#0288d1; border:1px solid #00559d; color:#fff; font-family:Arial,'Helvetica Neue',Helvetica,sans-serif"><tbody><tr><td><h3 style="color:#fff; font-size:15px; font-weight:bold; line-height:21px; margin:0; padding:5px 10px; width:400px">March 15, 2024</h3></td><td style="padding:5px 10px; width:400px"></td><td style="padding:5px 10px; width:400px"></td><td style="padding:5px 10px; width:400px"></td></tr></tbody></table></td></tr><tr><td style="background:#fff; color:#333; border:1px solid #cdcdcd; border-top:0; font-family:Arial,'Helvetica Neue',Helvetica,sans-serif; font-size:14px; line-height:19px; padding:15px 20px 20px"><p style="margin:0 0 15px 0">Hi, Tim . Going online to find accurate information these days can seem futile between AI-generated spam, deepfakes and deliberate disinformation. Sifting through what’s true, kinda true and downright false can be frustrating and time-consuming — which of course means there are startups hoping to tackle the issue. Increasingly, Crunchbase data shows, venture investors are <a href="#" style="color:#0288d1; text-decoration:none">backing companies working on ways to combat disinformation and misinformation</a>. Plus, <a href="#" style="color:#0288d1; text-decoration:none">cybersecurity M&A shows signs of life with two back-to-back deals</a>.</p><h2 id="its-true-funding-is-flowing-to-startups-fighting-disinformationhttpsnewscrunchbasecommedia-entertainmentdisinformation-fighting-startups-vc-investment" style="color:#333; margin:0 0 5px 0; font-size:14px; font-weight:bold">🙊 <a href="#" style="color:#0288d1; text-decoration:none">It’s true: Funding is flowing to startups fighting disinformation</a></h2><p style="margin:0 0 15px 0">Between the rise of generative AI, a fraught U.S. presidential election and multiple wars raging around the world, the incentives and means for bad actors to spread inaccurate information are only growing. Enter: A slew of funded startups that are working to tackle everything from online disinformation to AI-enabled fraud.</p><p style="margin:0 0 15px 0">Related Crunchbase Pro list: <a href="#" style="color:#0288d1; text-decoration:none">Funded Companies Fighting Disinformation</a></p><h2 id="cybersecurity-ma-shows-signs-of-life-with-back-to-back-dealshttpsnewscrunchbasecomcybersecuritycybersecurity-ma-dealmaking-zscaler-avalor-wiz-gem-security" style="color:#333; margin:0 0 5px 0; font-size:14px; font-weight:bold">🔐 <a href="#" style="color:#0288d1; text-decoration:none">Cybersecurity M&A shows signs of life with back-to-back deals</a></h2><p style="margin:0 0 15px 0">For the second day in row, a cybersecurity startup with Israeli roots has been bought by a big fish in the security pond. Do the two deals signal that the dealmaking market for companies is on the verge of an uptick?</p><h2 id="pondering-a-capital-raise-or-sale-theres-a-third-option-toohttpsnewscrunchbasecomventurecapital-raise-sale-strategic-option-sagie-consulting" style="color:#333; margin:0 0 5px 0; font-size:14px; font-weight:bold">⏳ <a href="#" style="color:#0288d1; text-decoration:none">Pondering a capital raise or sale? There’s a third option, too</a></h2><p style="margin:0 0 15px 0">Like many startup entrepreneurs, you might currently find yourself at a difficult crossroads. Your company has raised decent funding, identified product market fit, and has solid and growing revenue. But the clock is ticking: Projections point to profitability in 12 months, but your runway is drying up in nine. So, what choices do you have? Startup adviser <a href="#" style="color:#0288d1; text-decoration:none">Itay Sagie</a> walks you through three options.</p><h2 id="why-more-nonprofit-ai-startups-are-launchinghttpsnewscrunchbasecomaiopenai-nonprofit-ai-startups-structure-accelerator" style="color:#333; margin:0 0 5px 0; font-size:14px; font-weight:bold">🤖 <a href="#" style="color:#0288d1; text-decoration:none">Why more nonprofit AI startups are launching</a></h2><p style="margin:0 0 15px 0">There are scores of AI-focused nonprofits out there and most of them expect they will neither need nor be capable of raising billions of dollars to scale. As <a href="#" style="color:#0288d1; text-decoration:none">OpenAI</a>’s drama continues to unfold, we thought it would be timely to touch base with <a href="#" style="color:#0288d1; text-decoration:none">Kevin Barenblat</a>, co-founder of nonprofit startup accelerator <a href="#" style="color:#0288d1; text-decoration:none">Fast Forward</a>, about how the next crop of AI-focused nonprofits is likely to scale.</p><h2 id="why-latam-founders-should-take-a-practical-pessimistic-approachhttpsnewscrunchbasecomventurelatam-startup-founders-growth-strategy-2024-jerau-parallel18" style="color:#333; margin:0 0 5px 0; font-size:14px; font-weight:bold">🤔 <a href="#" style="color:#0288d1; text-decoration:none">Why LatAm founders should take a practical, pessimistic approach</a></h2><p style="margin:0 0 15px 0">A few years ago, Latin America <a href="#" style="color:#0288d1; text-decoration:none">was the fastest-growing region in the world</a> for venture investment. Now, with signs that a flood of capital could again be imminent after a tough <a href="#" style="color:#0288d1; text-decoration:none">funding drought</a>, guest author <a href="#" style="color:#0288d1; text-decoration:none">Héctor Jirau Colón</a> cautions LatAm founders to avoid the pitfalls of excessive optimism.</p></td></tr><tr><td><img alt="" height="30" src="http://c0185784a2b233b0db9b-d0e5e4adc266f8aacd2ff78abb166d77.r51.cf2.rackcdn.com/blank.png" width="520" style="border:0; height:30px; margin:0; padding:0; width:520px"></td></tr><tr><td><img height="0" src="https://ssl.google-analytics.com/collect?v=1&tid=UA-68916521-1&cid=194&t=event&ec=native_ads&ea=pageview&el=cb_daily_chrome_extension_Q1_2022 " width="0"><table style="padding:0; margin:0; border:0"><tbody><tr><td style="background:#fff; color:#333; border:1px solid #cdcdcd; font-family:Arial,'Helvetica Neue',Helvetica,sans-serif; font-size:14px; line-height:19px; padding:15px 20px 15px"><h2 style="color:#333; margin:0 0 5px 0; font-size:14px"><b data-stringify-type="bold"><strong>Get more with Crunchbase Enterprise</strong></b></h2>Find out more about Crunchbase’s prospecting software that enables your entire team to find the right companies, identify the right people, and connect with the decision-makers who can move deals forward – all in one solution. <div align="left" style="padding:10px 0 0 0"><a href="#" style="background-color:#f5a623; border-radius:4px; color:#183444; display:inline-block; font-family:sans-serif; font-size:13px; font-weight:bold; line-height:40px; text-align:center; text-decoration:none; width:200px"><img alt="" src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/071ea1d6efd844c0a60f7d7dc2214a93/One%20Off/pro_lightning-navy.png" style="padding:5px; width:10px; vertical-align:middle"> BOOK A MEETING NOW</a></div></td></tr><tr></tr></tbody></table></td></tr><tr><td></td></tr><tr><td><img alt="" height="30" src="http://c0185784a2b233b0db9b-d0e5e4adc266f8aacd2ff78abb166d77.r51.cf2.rackcdn.com/blank.png" width="520" style="border:0; 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padding:5px 0"><p style="color:#333; float:left; font-weight:bold; margin:0; text-align:right; width:75px">Categories:</p><p style="color:#666; margin:0 0 0 85px">Artificial Intelligence (AI) • Generative AI • Internet • IT Infrastructure • Open Source</p></td></tr><tr><td colspan="5" style="font-size:13px; padding:5px 0"><p style="color:#333; float:left; font-weight:bold; margin:0; text-align:right; width:75px">Founders:</p><p style="color:#666; margin:0 0 0 85px"><a href="#" style="color:#0288d1; text-decoration:none">Ce Zhang</a>, <a href="#" style="color:#0288d1; text-decoration:none">Chris Re</a>, <a href="#" style="color:#0288d1; text-decoration:none">Percy Liang</a>, <a href="#" style="color:#0288d1; text-decoration:none">Vipul Ved Prakash</a></p></td></tr><tr><td colspan="5" style="font-size:13px; padding:5px 0 20px"><p style="color:#333; float:left; font-weight:bold; margin:0; text-align:right; width:75px">Investors:</p><p style="color:#666; margin:0 0 0 85px"><a href="#" style="color:#0288d1; text-decoration:none">Salesforce Ventures</a> (Lead), <a href="#" style="color:#0288d1; text-decoration:none">Clément Delangue</a>, <a href="#" style="color:#0288d1; text-decoration:none">Coatue</a> <a href="#" style="color:#0288d1; text-decoration:none">+ 13 more</a></p></td></tr><tr><td style="width:80px"><a href="#"><img src="https://images.crunchbase.com/image/upload/c_pad,h_60,w_60/afchoqyujsnoij0rqgsk" style="border:1px solid #bbb; height:60px; width:60px"> </a></td><td><p style="font-size:20px; font-weight:bold; margin:0"><a href="#" style="color:#0288d1; text-decoration:none">Nozomi Networks</a></p><p style="font-size:20px; font-weight:bold; margin:0; padding:5px 0 0"><a href="#" style="color:#333; text-decoration:none">$100M</a> / <a href="#" style="color:#0288d1; text-decoration:none">Series E</a></p></td></tr><tr><td colspan="5" style="font-size:13px; padding:10px 0 5px">Nozomi Networks is a cybersecurity company specializing in operational technology and IoT security for critical infrastructure.</td></tr><tr><td colspan="5" style="font-size:13px; padding:5px 0"><p style="color:#333; float:left; font-weight:bold; margin:0; text-align:right; width:75px">Categories:</p><p style="color:#666; margin:0 0 0 85px">Cyber Security • Information Technology • Internet of Things • Network Security</p></td></tr><tr><td colspan="5" style="font-size:13px; padding:5px 0"><p style="color:#333; float:left; font-weight:bold; margin:0; text-align:right; width:75px">Founders:</p><p style="color:#666; margin:0 0 0 85px"><a href="#" style="color:#0288d1; text-decoration:none">Andrea Carcano</a>, <a href="#" style="color:#0288d1; text-decoration:none">Moreno Carullo</a></p></td></tr><tr><td colspan="5" style="font-size:13px; padding:5px 0 20px"><p style="color:#333; float:left; font-weight:bold; margin:0; text-align:right; width:75px">Investors:</p><p style="color:#666; margin:0 0 0 85px"><a href="#" style="color:#0288d1; text-decoration:none">Mitsubishi Electric</a> (Lead), <a href="#" style="color:#0288d1; text-decoration:none">Schneider Electric</a> (Lead)</p></td></tr><tr><td style="width:80px"><a href="#"><img src="https://images.crunchbase.com/image/upload/c_pad,h_60,w_60/ess3jzjsu0iayb7zqcti" style="border:1px solid #bbb; height:60px; width:60px"> </a></td><td><p style="font-size:20px; font-weight:bold; margin:0"><a href="#" style="color:#0288d1; text-decoration:none">PPRO</a></p><p style="font-size:20px; font-weight:bold; margin:0; padding:5px 0 0"><a href="#" style="color:#333; text-decoration:none">85M EUR</a> / <a href="#" style="color:#0288d1; text-decoration:none">Venture Round</a></p></td></tr><tr><td colspan="5" style="font-size:13px; padding:10px 0 5px">PPRO is a fintech firm that provides digital payment solutions to banks and businesses.</td></tr><tr><td colspan="5" style="font-size:13px; padding:5px 0"><p style="color:#333; float:left; font-weight:bold; margin:0; text-align:right; width:75px">Categories:</p><p style="color:#666; margin:0 0 0 85px">Billing • Finance • Financial Services • FinTech • Payments</p></td></tr><tr><td colspan="5" style="font-size:13px; padding:5px 0"><p style="color:#333; float:left; font-weight:bold; margin:0; text-align:right; width:75px">Founders:</p><p style="color:#666; margin:0 0 0 85px"><a href="#" style="color:#0288d1; text-decoration:none">Philipp Nieland</a>, <a href="#" style="color:#0288d1; text-decoration:none">Tobias Schreyer</a></p></td></tr><tr><td colspan="5" style="font-size:13px; padding:5px 0 20px"><p style="color:#333; float:left; font-weight:bold; margin:0; text-align:right; width:75px">Investors:</p><p style="color:#666; margin:0 0 0 85px"><a href="#" style="color:#0288d1; text-decoration:none">BlackRock</a>, <a href="#" style="color:#0288d1; text-decoration:none">Citi Ventures</a>, <a href="#" style="color:#0288d1; text-decoration:none">Eurazeo</a> <a href="#" style="color:#0288d1; text-decoration:none">+ 4 more</a></p></td></tr></tbody></table><h4 style="font-size:15px; font-weight:bold; margin:0; padding:20px 1px 10px">More Fundings</h4><table cellpadding="0" cellspacing="0" style="border-collapse:collapse; font-size:13px; width:100%"><thead><tr><th style="color:#666; padding:5px 1px; font-weight:normal; text-align:left">Company</th><th style="color:#666; padding:5px 1px; font-weight:normal; text-align:left">Amount / Round</th><th style="color:#666; padding:5px 1px; font-weight:normal; text-align:left">Lead Investor</th></tr></thead><tbody><tr><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">Unstructured Technologies</a></td><td style="border:1px solid #bbb; padding:7px">$40M / <a href="#" style="color:#0288d1; text-decoration:none">Series B</a></td><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">Menlo Ventures</a></td></tr><tr style="background:#f6f6f6"><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">Verdagy</a></td><td style="border:1px solid #bbb; padding:7px">$40M / <a href="#" style="color:#0288d1; text-decoration:none">Grant</a></td><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">US Department of Energy</a></td></tr><tr><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">Polyhedra Network</a></td><td style="border:1px solid #bbb; padding:7px">$20M / <a href="#" style="color:#0288d1; text-decoration:none">Series B</a></td><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">Polychain</a></td></tr><tr style="background:#f6f6f6"><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">Sugar.fit</a></td><td style="border:1px solid #bbb; padding:7px">414M INR / <a href="#" style="color:#0288d1; text-decoration:none">Series A</a></td><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">B Capital</a></td></tr></tbody><tfoot><tr><td colspan="5" style="border:1px solid #bbb; padding:7px; text-align:center"><a href="#" rel="noopener" target="_blank" style="color:#0288d1; text-decoration:none">All Recent Funding Activity</a></td></tr></tfoot></table></td></tr><tr><td><img alt="" height="30" src="http://c0185784a2b233b0db9b-d0e5e4adc266f8aacd2ff78abb166d77.r51.cf2.rackcdn.com/blank.png" width="520" style="border:0; height:30px; margin:0; padding:0; width:520px"></td></tr><tr><td><h3 style="background:#0288d1; border:1px solid #00559d; color:#ffffff; font-size:15px; font-weight:bold; line-height:21px; margin:0; padding:5px 10px">Recent Acquisitions</h3></td></tr><tr><td style="background:#fff; border:1px solid #cdcdcd; border-top:0; color:#333; font-size:14px; padding:15px 20px 20px"><table><tbody><tr><td style="width:80px"><a href="#"><img src="https://images.crunchbase.com/image/upload/c_pad,h_60,w_60/mwdsatfyzymdfdwmcmvd" style="border:1px solid #bbb; height:60px; width:60px"> </a></td><td><p style="font-size:20px; font-weight:bold; margin:0"><a href="#" style="color:#0288d1; text-decoration:none">Amolyt Pharma</a></p><p style="font-size:15px; margin:0; padding:5px 0 0">Pending acquisition by <a href="#" style="color:#0288d1; text-decoration:none">AstraZeneca</a> for <span style="color:#333; font-weight:bold">$1.1B</span></p></td></tr></tbody></table><h4 style="font-size:15px; font-weight:bold; margin:0; padding:20px 1px 10px">More Acquisitions</h4><table cellpadding="0" cellspacing="0" style="border-collapse:collapse; font-size:13px; width:100%"><thead><tr><th style="color:#666; padding:5px 1px; font-weight:normal; text-align:left">Company</th><th style="color:#666; padding:5px 1px; font-weight:normal; text-align:left">Acquired By</th><th style="color:#666; padding:5px 1px; font-weight:normal; text-align:left">Amount</th></tr></thead><tbody><tr><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">Allpack Packaging Supplies</a></td><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">Macfarlane Group</a></td><td style="border:1px solid #bbb; padding:7px">3.2M GBP</td></tr></tbody><tfoot><tr><td colspan="5" style="border:1px solid #bbb; padding:7px; text-align:center"><a href="#" rel="noopener" target="_blank" style="color:#0288d1; text-decoration:none">All Recent Acquisition Activity</a></td></tr></tfoot></table></td></tr><tr><td><img alt="" height="30" src="http://c0185784a2b233b0db9b-d0e5e4adc266f8aacd2ff78abb166d77.r51.cf2.rackcdn.com/blank.png" width="520" style="border:0; height:30px; margin:0; padding:0; width:520px"></td></tr><tr><td><h3 style="background:#0288d1; border:1px solid #00559d; color:#ffffff; font-size:15px; font-weight:bold; line-height:21px; margin:0; padding:5px 10px">Upcoming Tech Events</h3></td></tr><tr><td style="background:#fff; border:1px solid #cdcdcd; border-top:0; color:#333; font-size:14px; padding:15px 20px 20px"><table><tbody><tr><td style="width:80px"><a href="#"><img src="https://images.crunchbase.com/image/upload/c_pad,h_60,w_60/hybtvhru1d0zsfmp8w3c" style="border:1px solid #bbb; height:60px; width:60px"> </a></td><td><p style="font-size:20px; font-weight:bold; margin:0"><a href="#" style="color:#0288d1; text-decoration:none">South Summit Madrid</a></p><p style="font-size:15px; margin:0; padding:5px 0 0">July 8 - 10, 2024 in Madrid</p></td></tr><tr><td colspan="5" style="font-size:13px; padding:10px 0">South Summit is the innovation platform that connects entrepreneurs, corporations, and investors to generate business and shape the future.</td></tr></tbody></table><h4 style="font-size:15px; font-weight:bold; margin:0; padding:20px 1px 10px">Accelerator Deadlines</h4><table cellpadding="0" cellspacing="0" style="border-collapse:collapse; font-size:13px; width:100%"><thead><tr><th style="color:#666; padding:5px 1px; font-weight:normal; text-align:left">Date</th><th style="color:#666; padding:5px 1px; font-weight:normal; text-align:left">Accelerator</th><th style="color:#666; padding:5px 1px; font-weight:normal; text-align:left">Location</th></tr></thead><tbody><tr><td style="border:1px solid #bbb; padding:7px; width:80px">Apr 23, 2024</td><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">(ERA) Entrepreneurs Roundtable Accelerator</a></td><td style="border:1px solid #bbb; padding:7px; width:120px">New York</td></tr><tr style="background:#f6f6f6"><td style="border:1px solid #bbb; padding:7px; width:80px">Jun 1, 2024</td><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">Conquest</a></td><td style="border:1px solid #bbb; padding:7px; width:120px">Pilani</td></tr></tbody><tfoot><tr><td colspan="5" style="border:1px solid #bbb; padding:7px; text-align:center"><a href="#" rel="noopener" target="_blank" style="color:#0288d1; text-decoration:none">More Upcoming Deadlines</a></td></tr></tfoot></table></td></tr><tr><td style="color:#333; font-size:13px; padding:5px 0; text-align:center">Don’t see your event? 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