How LetsData Raised $1.6M to Revolutionize InfoOps Detection
We’re thrilled to share that one of our standout portfolio company from the Cyber Growth Bilbao 2023 batch, LetsData, has successfully raised $1.6M in seed funding! This incredible milestone marks a new chapter in their journey to revolutionize InfoOps detection and combat synthetic identity threats.
With backing from a stellar group of investors, including SMOK Ventures, Wayra (part of Telefónica), Tilia Impact Ventures, Google’s Ukraine Support Fund, and others, LetsData is now ready to scale its groundbreaking AI-powered technology and expand across the US and Europe.
Innovation Born from Determination
LetsData’s story is one of resilience and ambition. Founded during the onset of Russia’s invasion of Ukraine, the startup quickly identified a pressing need for better information operations (InfoOps) protection. With their cutting-edge AI technology, they’ve already achieved $1M ARR while bootstrapping—a remarkable feat for any startup.
Leading the Fight Against InfoOps and Synthetic Identity Threats
LetsData is revolutionizing the fight against information operations (InfoOps) and synthetic identity threats. Their AI-driven platform, already trusted by governments, financial institutions, and enterprises, acts as a real-time security radar for advanced threat detection.
Harnessing data from 100+ million websites and social media platforms in over 50 languages and regions, LetsData’s technology identifies coordinated malicious campaigns with unparalleled precision—achieving 80% greater accuracy than traditional tools by analyzing both text and metadata.
What This Funding Means for LetsData
This new funding is a game-changer. With these resources, the team will enhance their technology, expand their market reach, and solidify their position as leaders in cybersecurity innovation. Their mission to provide actionable threat intelligence is more critical than ever in today’s fast-evolving digital landscape.
“From day one, we understood the critical problem that LetsData was addressing. It was clear there was a significant opportunity to productize their solution, even down to the service provider level. Having large U.S. customers early on was a strong indicator of the immense potential. At the end of the day, what truly matters is execution, and Ksenia and Andriy have made incredible progress. Over the past 12 months, they’ve demonstrated exceptional execution, and with this round, they’re poised to scale their impact in the U.S. market on a much larger scale.”
Road Ahead
As cyber threats become more complex, LetsData’s cutting-edge solutions are paving the way for a safer, more secure digital world. This $1.6M investment will accelerate their journey to disrupt the InfoOps detection space and empower organizations to act swiftly and effectively against threats.
We’re incredibly proud to have been part of LetsData’s journey so far, and we can’t wait to see what’s next. Here’s to their continued startup success!
