Israeli belief and security intelligence startup ActiveFence acquired Spectrum Labs, a fellow startup in Contextual AI Content material Moderation. The acquisition fortifies ActiveFence’s strong suite of Belief and Security options, reaffirming its dedication to safeguarding billions of world customers from on-line perils.
Spectrum Labs, a pioneer in text-based content material moderation, has been instrumental in fortifying among the world’s most iconic on-line manufacturers and communities, corresponding to Riot Video games, Grindr, and The Meet Group. The corporate excels in eradicating dangerous content material, enhancing consumer retention, and elevating buyer experiences.
ActiveFence acquired Spectrum Labs to catapult its mission in reaching complete on-line security to new heights. The mixture of Spectrum Labs’ Contextual AI with ActiveFence’s Belief and Security Working System and avant-garde content material detection AI creates a formidable synergy.
The 2 startup’s mixed technological approaches will defend extra customers on-line and fast-track innovation in consumer security, particularly as Generative AI compounds the challenges.
That is ActiveFence’s second main acquisition in 2023, following its earlier acquisition of Rewire.
The startup, based in 2018 by Noam Schwartz, Alon Porat, and Eyal Dykan, has raised $100 million thus far. Their newest spherical (Collection B for $80 million) was accomplished in 2021, led by Charles River Ventures (CRV) and Highland Europe. Over the previous 12 months, the startup’s headcount has grown by 20%. (StartupHub.ai knowledge).
Spectrum Labs’ final funding spherical was final yr when it raised $32 million. Buyers within the startup embody Intel Capital, OurCrowd, Wing Enterprise Capital, Gaingels, Munich RE Ventures and Greycroft, amongst others. They’ve raised a complete of $46 million.
