Acquisition

Logically acquisition news – London-based Logically Acquired Insikt AI

Aug 20, 2024 | By Startup Rise EU

Logically acquisition news - London-based Logically Acquired Insikt AI

London-based Logically, the leading company that builds AI to combat harmful online content at scale has announced the acquisition of Barcelona-based AI company Insikt AI.

SUMMARY

  • London-based Logically, the leading company that builds AI to combat harmful online content at scale has announced the acquisition of Barcelona-based AI company Insikt AI.
  • Logically is a technology business that tackles harmful and troublesome online information at scale by fusing advanced artificial intelligence with human knowledge.

The UK-based company claims that this acquisition broadens Logically's technology portfolio and enhances its research and development capabilities, giving customers a competitive information edge and giving them the clarity and assurance to reduce online harms with AI-driven solutions.

Through the acquisition, Logically's flagship intelligence platform, Logically Intelligence®, will incorporate Insikt's technologies. Consumers will have access to sophisticated SNA techniques as well as other cutting-edge inventions fueled by recent advances in AI research.

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This will improve their capacity to combat a wider range of cyberthreats, such as terrorism and extremism, areas in which Insikt has demonstrated cutting-edge skills.

Co-founders Jennifer Woodard and Guillem Garcia will join Logically as a result of this acquisition. As a recognized specialist in AI applications for counterterrorism, Jennifer will take on the position of Vice President of Artificial Intelligence.

She counsels organizations like the UN and the European Commission, among others, on how to balance the ethical implications of applying AI to fight online harms. Her experience includes strategic leadership in scientific research and development, as well as its useful application to AI-powered products for national security and public safety.

As the Chief Scientific Officer of Insikt AI, Guillem oversees initiatives to apply cutting-edge NLP, Deep Learning, and network analysis research to apply AI to address some of the most important problems facing society. He will apply this knowledge to build a strong data science competence at Logically, where he will assume the position of Head of Data Science. This will assist solidify the company's standing as a front-runner in artificial intelligence for countering dangerous internet content.

Lyric Jain, Founder and CEO of Logically, commented on the news: “We have followed Insikt’s innovative approach to building and perfecting its scientific methods and model accuracy for some time. The team’s approach pairs perfectly with our mission to mitigate harmful online content. Integrating Insikt’s capabilities –-especially its advanced NLP and SNA technologies —into Logically Intelligence® enhances our ability to detect and counteract threats early. This acquisition marks a crucial step toward providing robust protection against increasingly sophisticated adversaries, empowering the customers of our products with new advanced tools to safeguard, maintain freedom of speech and prevent the impact of harmful online content.”

Jennifer Woodard, Co-founder of Insikt AI, added: “Research and development has always been at the heart of Insikt’s work. After dedicating over eight years to building our research-driven ‘methodology stack’, which leverages cutting-edge AI to detect, understand, and defeat harmful online content, we are thrilled to join Logically. By integrating our advanced AI technology and expertise into Logically’s products, we will deliver a significant information advantage to our customers.”

The purchase of Insikt AI strengthens Logically's position as a pioneer in applying state-of-the-art AI research to develop technology that is optimally suited to eradicate bad content of all kinds on a large scale. Enomyc, a German-based European M&A consultancy firm with clients all over the world, represented and helped Insikt AI on the sell side.

About Logically

Logically is a technology business that tackles harmful and troublesome online information at scale by fusing advanced artificial intelligence with human knowledge. It seeks to give everyone the resources they need to recognize and disarm false and harmful information, from private citizens to national governments.

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