Israeli company to detect misinformation Seabra Strategy Co., Ltd. Cyabra has entered into a definitive agreement to create a special purpose acquisition company (SPAC) with Trailblazer Merger Corporation (Nasdaq: TBMC). Upon completion of the transaction, which is scheduled for the first quarter of 2025, Cyabra will be listed on the Nasdaq. The transaction values Cyabra at $70 million at signing.
Cyabra was founded in 2017 by CEO Dan Brahmi, Yousef Dar, and Ido Shraga, all veterans of the IDF’s intelligence units. The company has raised a total of $12.3 million from investors including Founders Fund, OurCrowd, Capital Y Management, Red Forest Ventures, Summus Group, Harpoon Ventures, Alabaster, and TAU Ventures.
The company has developed technology that identifies illicit bot campaigns and provides social media tools to combat bad actors in the ongoing battle to restore trust in the digital realm. Cyabra has been employed by 19 governments and Elon Musk commissioned Cyabra to analyze the level of bot activity on Twitter before he acquired the platform.
“Our proprietary technology, developed by veterans of the Israeli Special Operations Command (SOCOM), allows us to use sophisticated algorithms and advanced data analytics to identify when automated bots are being used to spread falsehoods across social media platforms,” Brahmi said. “We have corporate and government customers around the world using our product today to identify when an attack is underway, providing them with the information they need to mitigate or even prevent any harm and protect their citizens and brands from the increasingly widespread spread of misinformation.”
“It has become increasingly clear that the massive rise of social media in our daily lives has created a complex set of challenges,” added Trailblazer CEO Ari Rabinowitz. “The proliferation of bad actors coupled with easily accessible automated content creation and distribution tools, including AI accounts and bots, has made the deliberate spread of misinformation progressively worse. Cyabra provides technology that governments, security agencies, and international institutions are deploying to detect and monitor these threats. We are excited to bring Cyabra to the public markets and look forward to supporting the company’s growth.”
“Cyabra’s efforts not only protect our digital world, but also advance the foundations of free and fair discourse,” said Cyabra Board Member and former U.S. Secretary of State Mike Pompeo. “Cyabra’s contributions are invaluable in combating malicious actors who seek to undermine our democratic institutions.”