Logically, a startup which fights misinformation with AI, has secured $24 million in a funding round led by Vitruvian Partners. The startup will use the funds to expand its human resources and skills in India and drive growth across other value markets, including the US and UK.
Logically founded in 2017 by MIT and Cambridge alumni Lyric Jain, combines advanced AI with human intelligence and expertise to tackle misinformation online content at scale.
The startup aims to enhance civic discourse, protect democratic debate and process, and provide access to trustworthy information.
Furthermore, it will use the capital to accelerate its technologies across Artificial Intelligence (AI), Machine Learning (ML), and OSINT, to fight against harmful and misleading online information in critical areas, including election integrity, public health, and national security, the statement added.
Lyric Jain, Founder and CEO, Logically, said, “Vitruvian’s experience supporting high-growth and innovative technology companies will be invaluable as we continue to scale up our capabilities and operations. Our work identifying and disarming damaging and misleading information has never been more important. India and the wider APAC region is an important focus of growth for us, and I’m excited for the impact this investment will enable us to achieve.”
Logically Doubles its headcount in India
In 2021, Logically continued to invest in its engineering and OSINT teams in Bengaluru and Mysore, more than doubling its headcount in India. In March 2021, the startup officially launched its flagship threat intelligence platform, Logically Intelligence, offering both analytical capabilities and countermeasure deployment to tackle mis and disinformation.
The startup approaches the issues of misinformation from an end-to-end perspective, with Logically Intelligence able to find, triage, and respond to information threats across over 120 million domains and 40 social media platforms at speed and scale.
The round also saw participation from the Amazon Alexa Fund and existing seed investors XTX Ventures and the Northern Powerhouse Investment Fund (NPIF).
