Osavul raises $3 million for information security in Delaware and Kyiv

On September 16, 2024, Osavul announced it had raised $3 million in funding to enhance its information security technologies, primarily targeting the business sector. Founded in February 2022 in response to the Russian invasion of Ukraine, the company focuses on combating disinformation through an AI-driven intelligence platform that assesses the information environment. This platform analyzes data from various formats and platforms, including text, video, and social media, to protect organizations from reputation damage. Osavul has established itself as a leader in the EU's information security sector and aims to expand its operations globally with the new funding. The company plans to enhance its AI algorithms and accelerate outreach efforts, particularly in the U.S. market. Investors, including the SMRK venture fund, have expressed confidence in Osavul's potential, having previously backed the startup with $1 million in seed funding. The urgency of addressing information threats is underscored by the World Economic Forum, which identifies these threats as significant global risks. As AI technology evolves, it presents both challenges and opportunities; while it can facilitate attacks, it can also be harnessed to combat misinformation and polarization. Dmytro Plieshakov, co-founder and CEO, emphasizes the importance of leveraging AI to counteract negative influences in the information landscape. With enterprise spending on combating information threats projected to exceed $500 billion by 2028, Osavul is well-positioned to provide innovative solutions for businesses. The funding will enable the company to develop new analytical tools to help organizations make informed decisions in real-time, ultimately contributing to a more secure digital environment.