ActiveFence Announces $100 Million in Funding to Keep the Internet Safe
ActiveFence, the leader in online integrity, announced it has raised $100 Million in funding. The announcement covers both a Series B round, led by CRV and Highland Europe, and a previously unannounced Series A round, led by Grove Ventures and Norwest Venture Partners. Other significant participants in the rounds include Vintage Investment Partners, Resolute Ventures and others.
The company protects billions of people worldwide from disinformation, child abuse, terror, hate speech, fraud, and other online harms. With customers that include some of the world’s largest technology platforms, ActiveFence’s mission is to enable a safer world by preventing evil online.
Recommended AI News: Mavenir Enables Faster 5G Service Creation with its BSS Digital Enablement Platform
SysAdmin Appreciation Day: Top Industry Leaders Share their Insights on IT and Data Ops
ActiveFence takes a unique approach to ensuring the integrity of online platforms, empowering trust and safety professionals through proactive detection of malicious activities on the internet. The company searches for harmful content and behaviors that could affect users across every corner of the web, allowing companies to spot risks in the places where bad actors plan, share and chat before they reach their platform and the damage is already done. By scanning over three million sources of malicious chatter in every language, ActiveFence is able to identify content and behaviors that encompass both known and unknown threats to users across the globe.
“We are thrilled that this investment allows us to stay focused on our mission of ensuring a better and safer online world,” says Noam Schwartz, CEO of ActiveFence. “Most of our employees are concerned parents who worry about their children’s online safety – and many of them also have experience in intelligence or research in these areas and know firsthand the dangers of extremism or disinformation online. I got into this business to make a difference and am proud that ActiveFence is at the forefront of fighting bad content and behaviors every day.”
The company’s roster of customers – which includes social media, audio and video streaming, file sharing, gaming, marketplaces and other types of technology platforms – continues to grow 100% year over year. The funds will be used to invest in product development as well as accelerate global growth. Today the company employs almost 200 people across six global offices.
Recommended AI News: Hive Launches a Collaborative Note Taking and Task Management App for Zoom
“We are very honored to be ActiveFence’s partner from the very earliest days of the company and to be part of this important journey to make the internet a better place through their unprecedented success with the world’s leading internet platforms,” said Lotan Levkowitz, general partner at Grove Ventures.
“We are pleased to support ActiveFence in this important mission,” commented Izhar Armony, general partner at CRV. “We believe they are ready for the next phase of growth and that they can maintain leadership in the dynamic and fast growing trust and safety market.”
“We are delighted to be part of the ActiveFence team from early on,” said Dror Nahumi, general partner at Norwest Venture Partners. “ActiveFence has emerged as a clear leader in the developing online trust and safety category. This round will help the company to accelerate the growth momentum we witnessed in the past few years.”
Recommended AI News: Lucid Announces New Lucidspark App for Zoom
Comments are closed.