LetsData, a Ukrainian startup specializing in protection against information attacks, has raised $1.6 million
15 January 2025 16:49
LetsData, a Ukrainian startup that uses artificial intelligence to detect and overcome information threats in real time, has received $1.6 million in a pre-seed round for development. This was announced by LetsData co-founders Ksenia Ilyuk and Andriy Kusyi, "Komersant Ukrainian" reports.
They emphasize that thanks to this funding, they intend to further expand their presence in the United States and Europe to meet the growing demand for advanced solutions to detect various types of information attacks.
How the technology offered by LetsData works
LetsData’s AI-powered solution processes open-source data from over 100 million websites and social media platforms in more than 50 languages and across multiple regions.
Advanced semantic AI models analyze text and video metadata from platforms such as Telegram, YouTube, and TikTok to identify the intent of coordinated malicious campaigns.
As a result, this approach can detect 80% more threats at the beginning of their occurrence than traditional tools. This allows organizations that may be targeted to act decisively before any damage is done to their reputation or operations.
Which Ukrainian startups can boast of worldwide fame
Preply is a Ukrainian online platform for finding tutors in various subjects and languages. The platform brings together more than 40,000 tutors who teach 50 languages to hundreds of thousands of students in 180 countries, according to Channel 24.
Grammarly is a Ukrainian startup that develops tools for checking grammar and style of texts based on artificial intelligence.
Esper Bionics is a Ukrainian startup that develops modern bionic prostheses using advanced technologies and achievements.
Reface is an application for creating and sharing videos with face replacement with famous people and characters using artificial intelligence technology.
GitLab is a leading cloud-based DevOps platform for developing, delivering, and securing software from the planning stage to monitoring.
People.ai is a cloud-based platform that uses artificial intelligence to automate and optimize customer-centric processes in the enterprise.
Petcube – smart gadgets and applications for interacting with pets from a distance.
Who helps startups grow in Ukraine
In 2018, the Ukrainian Startup Fund was established. It is a state institution that helps innovative projects and tech startups raise funds at the early stages and launch their own projects.
With the support of the fund, more than 380 teams have already received funding worth more than $8.7 million.
The fund is a driver of the startup ecosystem, provides conditions for the growth of the sector, creates a positive investment image of the Ukrainian tech industry abroad, and represents Ukrainian innovative solutions around the world.
Right now, the fund is reminding of the January 27 deadline for applying for Seeds of Bravery startup funding and inviting Ukrainian startups to participate in 4YFN at Mobile World Congress 2025. This is the world’s largest mobile industry exhibition that brings together top experts, investors, corporations, and startups. It will include 4 Years From Now, a cult startup event where Ukraine will present its alley. This year’s conference will take place in Barcelona on March 3-6. Up to 10 selected startups will have the opportunity to present their projects at the exposition.
