8 years ago

Factmata Raises $1 Million to Fight Fake News with AI

  • Factmata, a London-based startup, has raised $1 million in seed funding to build a platform using AI to combat fake news and misleading clickbait across the media industry

  • The company is piloting various services and is backed by prominent investors including Biz Stone, Craig Newmark, Mark Cuban, and others

  • Factmata aims to address the growing issue of fake news, which has been highlighted by events such as the US election and Brexit

  • The startup is developing three different products, including one aimed at the adtech world to help detect anomalies and reduce unintended ad placements.

      • ProblemTechnology

      "fake news and misleading clickbait have become a huge problem, especially on social media and news aggregation platforms."

      Solution

      "Factmata is building an AI-powered platform to help detect and flag fake news and biased content across the media industry, from programmatic ad networks to news aggregation platforms. They aim to provide users with more context and transparency, helping them to make informed decisions about the information they consume."

      Covered on