Cyabra, a Tel Aviv-based startup, is pioneering the detection and combatting of misinformation and disinformation campaigns by identifying fake social media accounts. Recently, the company announced its plans to merge with special purpose acquisition company (SPAC) Trailblazer Merger Corporation I and list on the NASDAQ.
Established in 2018, Cyabra has received funding from renowned investors such as OurCrowd and Peter Thiel’s Founders Fund. The company’s $5.6 million Series A funding round was led by OurCrowd along with other investors like Harpoon Ventures, Alabaster, Accomplice, and more.
The merger values Cyabra at $70 million, with expectations of closure by year-end. Despite the declining popularity of SPACs, Cyabra represents one of the few startups still pursuing this route amid the regulatory changes by the SEC.
Over the past year, Cyabra has collaborated with 19 governments to safeguard their electoral processes. The company’s clientele includes major names like Warner Media, which utilized Cyabra’s services to combat fake profiles discussing the release of “Wonder Woman 1984.”
Notable personalities like Elon Musk have also engaged with Cyabra to analyze bot activity on social media before significant events. Cyabra’s CEO, Dan Brahmy, emphasizes the importance of their technology and its role in combatting disinformation.
Former CIA director and U.S. Secretary of State Mike Pompeo has joined Cyabra’s board, commending the company’s efforts in combating disinformation for the greater good of democracy and national security.
