LetsData is developing a real-time security radar protecting corporations and governments from the threats of information operations and synthetic identities, raised $1.6M in Pre-Seed funding.
Backers included SMOK Ventures, Wayra, Tilia Impact Ventures, 1991 Ventures, Google’s Ukraine Support Fund, Startup Wise Guys, Pavla Bobosikova (CEO and co-founder at WFHomie – acquired by GoCo) and Marty Krátký-Katz (CEO and co-founder at Blockthrough – acquired by eyeo).
The company intends to use the funds to further scale its technology and expand its presence in the United States and Europe to meet demand.
LetsData provides an AI model that processes open-source data across over 100 million websites and social media outlets, covering more than 50 languages and regions. It analyzes text and video metadata from media across platforms like Telegram, YouTube, and TikTok. The solution employs semantic understanding to group and link content across sources, identifying intent and coordination behind information operations. By doing so, the company detects 80% more threats at their inception than conventional tools.
Already achieving $1M annual recurring revenue (ARR) after two years of bootstrapping, LetsData’s advanced platform offers a solution to an ever-pressing problem. For instance, while collaborating with a government client, the technology uncovered a botnet reposting sanctioned Russian news content at a staggering rate of 86 posts per second across social media and fake news sites. By identifying the malicious behaviour, LetsData’s system provided an actionable threat report, allowing the client to respond immediately.
Ksenia Iliuk, co-founder of LetsData, reflected on the origins of the company: “LetsData began as a bootstrapped venture during the onset of Russia’s invasion of Ukraine, when we saw a spike in demand from companies and governments requiring advanced InfoOps detection. Typically, organisations rely on understaffed teams or communications departments that are ill-equipped to handle these kinds of threats. LetsData bridges this gap by providing a security-first approach to InfoOps, enabling clients to act on alerts from day one of onboarding without the need for complex training or resource-intensive processes. Our ambition is to become the industry standard for InfoOps detection and disrupt the industry by delivering actionable intelligence that empowers organisations to respond swiftly and effectively.”
LetsData’s technology is used by the FCDO, UK Embassies, and the Armed Forces of NATO member states as well as corporations across the US, UK and Europe.
Borys Musielak, founding partner at SMOK Ventures, expressed confidence in the team: “I loved how Ksenia and Andriy bootstrapped their way to profitability without even raising external funding. Their technology is already helping to stop the information operations and with a growing list of high-value clients, our investment will help support them as they scale to meet the increasing demand for advanced InfoOps protection.”
Gonzalo Pérez, Head of Investments at Wayra Germany, highlighted the significance of LetsData’s approach: “Existing tools to combat information operations, specifically manipulation and synthetic identities simply can’t keep up with the complex, real-world challenges businesses face today. Threat actors are only increasing in sophistication to find new ways of disrupting organisations and manipulating public opinion. That’s why we are so excited to be supporting LetsData, whose proprietary technology effectively identifies, and combats coordinated and widespread information operations.”
