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{"id":35175,"date":"2023-06-15T21:56:04","date_gmt":"2023-06-15T21:56:04","guid":{"rendered":"https:\/\/scienceandnerds.com\/2023\/06\/15\/blackbird-lands-20m-investment-to-expand-its-risk-management-tools\/"},"modified":"2023-06-15T21:56:05","modified_gmt":"2023-06-15T21:56:05","slug":"blackbird-lands-20m-investment-to-expand-its-risk-management-tools","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2023\/06\/15\/blackbird-lands-20m-investment-to-expand-its-risk-management-tools\/","title":{"rendered":"Blackbird lands $20M investment to expand its risk management tools"},"content":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/06\/15\/blackbird-lands-20m-investment-to-expand-its-risk-management-tools\/<\/a><\/br>
\nBlackbird lands $20M investment to expand its risk management tools<\/br>
\n2023-06-15 21:56:04<\/br><\/p>\n

\n

Blackbird AI<\/a>, a startup developing AI-powered software for risk intelligence, today announced that it raised $20 million in a Series B funding round led by Ten Eleven Ventures.<\/p>\n

Bringing New York-based Blackbird\u2019s total raised to $30 million, the tranche also had contributions from Dorilton Capital, Generation Ventures StartFast Ventures and Trousdale Ventures as well as angel investors.<\/p>\n

\u201cBlackbird was born out of a shared vision to leverage technology for the greater good of society,\u201d co-founder and CEO Wasim Khaled told TechCrunch in an email interview. \u201cRecognizing disinformation as one of the most alarming global threats of the 21st century, we were deeply concerned about the alarming ease with which even the most educated individuals were succumbing to the spread of online falsehoods and conspiracy theories.\u201d<\/p>\n

Blackbird, founded in 2017, claims that its first product \u2014 an algorithm to perform network analysis and adversarial cohort modeling<\/a> \u2014 was used by the U.S. Department of Defense to analyze online propaganda and influence campaigns across high-profile websites. When the pandemic hit, forcing cuts in Blackbird\u2019s Defense Department contract, Blackbird shifted its focus to the enterprise and rebuilt its backend systems to significantly broaden their scope, adding tools to ingest and normalize text, image, video and audio data from social media, news outlets, the dark web and elsewhere.<\/p>\n

For organizations, Blackbird attempts to detect cyber \u201cinformation\u201d attacks directed against them, like mass deepfake campaigns, and equip IT teams with the capabilities to counter influence operations. Using Blackbird, users can delve into details like the content sharing patterns of specific actors or the narratives emerging in active discussions.<\/p>\n

Blackbird provides heat map visualizations of how narratives \u2014 including toxic narratives (e.g., those involving hate speech) \u2014 flow across social media, flagging bot-like accounts and characterizing how high-profile people like influencers impact that flow. Blackbird claims it can discover key influencers within cohorts of people, mapping out how a narrative spreads over time.<\/p>\n

\u201cBlackbird enables leaders to swiftly counter misinformation, mitigate aggressive complaints and preempt backlash, positioning them as informed and proactive,\u201d Khaled said. \u201cBeyond threat mitigation, Blackbird also fosters business growth by keeping a finger on the industry pulse, tracking competitors and nurturing media relations. It measures the effectiveness of communication strategies, providing actionable insights for refinement.\u201d<\/p>\n

Of course, that\u2019s promising a lot. We can\u2019t speak to the accuracy of Blackbird\u2019s platform, having not been afforded the chance to test it ourselves.<\/p>\n

What\u2019s undeniably true is that algorithms aren\u2019t perfect. Machine learning algorithms still struggle to gain a holistic understanding of words in context. Compounding the challenge is the potential for bias to creep into the algorithms.<\/p>\n

But even if it does perform as well as Khaled claims, Blackbird is far from alone in the reputation and risk intelligence space. Rivals include Graphika<\/a>, Logically and Cyabra<\/a>, which raised $5.6 million in October 2021.<\/p>\n

Fortunately for Blackbird, it\u2019s a large enough market to support a range of vendors. According<\/a> to one estimate, the risk management software sector could be worth $86.53 billion by 2030 \u2014 up from $27.80 billion in 2021. A separate Deloitte report<\/a> found that more than half of companies plan to address reputation risk by investing in technology such as analytical and brand monitoring tools<\/p>\n

Blackbird wouldn\u2019t disclose how many customers it has. But Khaled claims the growing threat from disinformation has been good for business.<\/p>\n

\u201cDisinformation, in our interconnected world, doesn\u2019t just spread \u2014 it gallops, wreaking havoc on an organization\u2019s reputation and operations,\u201d he continued. \u201cAnd let\u2019s face it, the world isn\u2019t becoming any less unpredictable. It\u2019s in this very unpredictability that Blackbird finds its strength.\u201d<\/p>\n<\/p><\/div>\n

<\/br><\/br><\/br><\/p>\n

Science, Tech, Technology<\/br>
\n<\/br>
\nSource:https:\/\/techcrunch.com\/2023\/06\/15\/blackbird-lands-20m-investment-to-expand-its-risk-management-tools\/<\/a><\/br><\/br><\/p>\n","protected":false},"excerpt":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/06\/15\/blackbird-lands-20m-investment-to-expand-its-risk-management-tools\/ Blackbird lands $20M investment to expand its risk management tools 2023-06-15 21:56:04 Blackbird AI, a startup developing AI-powered software for risk intelligence, today announced that it raised $20 million in a Series B funding round led by Ten Eleven Ventures. Bringing New York-based Blackbird\u2019s total raised to $30 million, the tranche also had contributions […]<\/p>\n","protected":false},"author":1,"featured_media":35176,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26,17,8],"tags":[],"class_list":["post-35175","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-science","category-tech","category-technology"],"yoast_head":"\nBlackbird lands $20M investment to expand its risk management tools - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2023\/06\/15\/blackbird-lands-20m-investment-to-expand-its-risk-management-tools\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blackbird lands $20M investment to expand its risk management tools - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source:https:\/\/techcrunch.com\/2023\/06\/15\/blackbird-lands-20m-investment-to-expand-its-risk-management-tools\/ Blackbird lands $20M investment to expand its risk management tools 2023-06-15 21:56:04 Blackbird AI, a startup developing AI-powered software for risk intelligence, today announced that it raised $20 million in a Series B funding round led by Ten Eleven Ventures. 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