Refute funding news – London-based Refute has Secured £2.3 Million in a Pre-Seed Funding
Dec 14, 2024 | By Kailee Rainse
Refute has raised £2.3m in a pre-seed round led by Playfair and Episode 1, with participation from Notion Capital and Amadeus Capital Partners.
SUMMARY
- Refute has raised £2.3m in a pre-seed round led by Playfair and Episode 1, with participation from Notion Capital and Amadeus Capital Partners.
- Refute fights disinformation on behalf of your organisation, detecting and responding to campaigns at the speed of the attackers.
Notion Capital and Amadeus Capital Partners also took part in the funding round. Refute also received angel investments from Carlos Espinal, James Chappell, Charlie Songhurst and Alastair Paterson. Refute is a London-based startup that detects and responds to disinformation for businesses.
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Disinformation attacks are fueled by factors like geopolitical instability and the use of AI to create false content. More advanced campaigns are often backed by government-backed groups, business competitors, or individuals trying to make money. These campaigns are coordinated across different platforms, such as news, social media, blogs, and forums.
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Tom Garnett, Co-founder and CEO, Refute said, “Commercial organisations are largely unprotected from disinformation campaigns, which can have devastating consequences on the resilience of society. Companies can lose out on contracts worth many millions, or see their valuations reduced significantly. By protecting organisations from malicious coordinated attacks, we are implementing a line of defence for all stakeholders involved in these essential services."
Vlad Galu, Co-founder and CTO at Refute said, “Having spent most of our careers improving the resilience of the internet and the identity trust models that underpin it, we are uniquely positioned to solve the global threat of disinformation. We look forward to bringing our distinct approach to our design partners and early adopters, and building on their feedback to create an unparalleled disinformation defence ecosystem,".
Andrew Sheffield, VC Principal at Playfair Capital said, “The information landscape is changing: it is harder than ever to tell fact from fiction, and the cost of spreading misleading content continues to fall. The World Economic Forum cited disinformation as the number one global risk in 2024. Tom and Vlad possess forty-plus years of experience in data analysis, cybersecurity, tackling terrorist attacks, identity management and money laundering. We believe they are perfectly placed to tackle this important global issue and are excited to be on the journey with them,”.
About Refute
Refute fights disinformation on behalf of your organisation, detecting and responding to campaigns at the speed of the attackers. They take a quantitative approach to discovering disinformation campaigns by fusing, tracing and scoring narratives and behaviours across the interconnected data.
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