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Cyabra , a Tel Aviv - based startup that helps public and private governance detect and agitate mis- and disinformation campaigns by find phoney accounts on societal medium , on Tuesday announced that it plans to merge with particular purpose acquisition company ( SPAC)Trailblazer Merger Corporation Iand list on the Nasdaq .
Founded in 2018 , some ofCyabra’sinvestors include the likes ofOurCrowd , which lead the company’s$5.6 million Series A , as well as Peter Thiel ’s Founders Fund , Harpoon Ventures , Alabaster , Accomplice , Red Shepherd Ventures , Summus Z , TAU Ventures and Capital Y Management .
The transaction values Cyabra at $ 70 million , and the company expects the uniting to shut down by the remainder of the yr .
SPACs , which were all the rage only a few year ago , have become quite rarified . These daylight , when you hear about them , it ’s mostly because companies that go public via a SPAC went out of business . The SEC recently adopted new rules that will shortly turn the process into something that is more kin to a traditional IPO . Still , though , there are clearly some startup left that need to make this process work for them .
Cyabra says that over the last 12 months , it worked with 19 governments to help them protect their election .
Some of its incorporated clients includeWarner Media , and Warner is a sound illustration for how Cyabra is used . For the release of “ Wonder Woman 1984 ” in 2020 , Warner used Cyabra to key fake profiles that talked about the movie on social media — and which represented a threat to its brand repute . Armed with that knowledge , it could then report those profile and get them removed . At the same time , this outgrowth also allowed the company to name real influencers and focus its efforts on them .
Elon Musk also work with Cyabra toanalyze bot activitybefore his Twitter learning .
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“ Our proprietary technology get by senior ex-serviceman from the Israeli special operations command ( SOCOM ) , allows us to use advanced algorithms and advanced data analytics to learn when automated bot are being used to scatter lies across societal media platforms , ” said Cyabra CEO and co - founder Dan Brahmy . “ We have corporate customers and government worldwide using our product today to identify when an attempt is occurring , providing them with the info needed to mitigate or even prevent any harm and protect their citizens and brand from the increasingly advanced bedcover of disinformation . ”
Earlier this twelvemonth , former CIA director and U.S. Secretary of State Mike Pompeo joined the fellowship ’s board . “ Cyabra is a crucial mate in the fight against disinformation , ” Pompeo said in a statement . “ Their capabilities in uncover inauthentic score , untrue narration , and pull wires AI content are full of life for protect commonwealth and safeguarding national security . Cyabra ’s loyalty to these destination have them an essential ally in our campaign to defend against threat to our commonwealth . ”