Logically secures £18m Series A funding led by Vitruvian Partners to scale its counter disinformation technology.
The financing round was led by Vitruvian Partners with participation from the Amazon Alexa Fund, XTX Ventures and the Northern Powerhouse Investment Fund.
Logically builds artificial intelligence technology designed to detect and address harmful online mis- and disinformation. The company operates across the UK, the US and India to protect democratic integrity and public security.
Counter disinformation technology provider Logically has raised $24m, which equates to £18m, in a Series A funding round. Growth investor Vitruvian Partners led the financing, with participation from the Amazon Alexa Fund as well as existing backers XTX Ventures and the Northern Powerhouse Investment Fund.
The capital will support the company as it expands its footprint across the UK, the US and India. Logically intends to use the funds to scale its engineering capabilities, focusing particularly on advancements in machine learning and open-source intelligence to counter online threats.
The raise follows a period of commercial expansion for the Leeds-headquartered firm, which launched its threat intelligence platform and secured various fact-checking partnerships over the previous year. The business aims to address rising challenges in areas such as public health, election integrity and national security.
From the founder
"I am delighted to announce our latest fundraising round led by Vitruvian Partners. Vitruvian’s experience supporting high-growth and innovative technology companies globally will be invaluable as we continue to scale up our capabilities and operations. Given the evolving threat landscape and the increasingly sophisticated technology being used by adversarial actors, this investment will help us continue to stay at the forefront of the fight against misinformation, funding further research and development of end-to-end technology solutions that really break down and combat information threats."
Lyric Jain
founder and CEO at Logically
Investor perspective
"We are pleased to partner with Logically, who have a clear and compelling mission to reduce the harm caused by mis- and disinformation, and to enhance civic discourse. We’ve been impressed by Logically’s development over recent years, in the public and private sector as well as with the social media platforms themselves. We look forward to supporting Logically’s expansion into new geographies and sectors in order to increase the impact they can have on this global problem."
Peter Read
Cortex Partner, Vitruvian Partners
Use of funds
- 01Expand into international markets
- 02Fund research and development
- 03Continue product development
