Osavul, a Ukrainian information security company, announced that it had successfully raised $1m in a funding round led by SMRK, a Ukrainian venture capital fund.
The firm specializes in using AI-based software to safeguard states, businesses, and societies from information threats such as disinformation, information operations, foreign information manipulation, and interference.
In 2023, the emergence of generative AI has made it both more affordable and easier for malicious actors to carry out information operations, amplifying the need for advanced security technologies. Osavul’s AI-driven solutions employ sophisticated algorithms, machine learning techniques, and large language models to help users identify and counteract disinformation campaigns and other forms of malicious activity.
Osavul intends to use the newly-acquired funding to enhance its current technology and expand its international market presence, with the aim of helping democratic societies protect their states, businesses, and people from escalating threats. The company’s technology has already been deployed and successfully utilized by various security institutions in Ukraine to counter Russian disinformation, following the Russian invasion of Ukraine in 2022.
Osavul CEO Dmytro Plieshakov said, “We are thrilled to have SMRK fund as our partner in this journey. Their expertise and resources will be invaluable as we continue to develop innovative solutions to help protect democratic societies from the growing disinformation threats.”
Vlad Tislenko, partner at SMRK VC, shared his excitement about the partnership, stating, “Osavul is founded by an exceptional team with a deep understanding of AI technology from both engineering and business perspectives. We are honored to take part in their new endeavor.”
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