French start-up Buster.Ai has raised 2 million euros in seed funding from OneRagtime, Takara Capital, and business angels. Transaction Services - 2CFinance conducted financial due diligence for the investment.
Founded in 2019 by data scientists Julien Marlas and Aurélien Cluzeau, Buster.Ai is developing a deep learning-based solution to facilitate and accelerate the work of fact-checking specialists to combat disinformation. Its software solution "as a service" aims to help media outlets, social media moderators, content distribution platforms, and the finance industry to speed up information verification by comparing it to existing knowledge.
OneRagtime is a Paris-based venture capital firm that offers investment opportunities to European start-ups. Takara Capital is a French venture capital firm that invests in innovative companies in the digital, environmental and health sectors.
Buster.Ai's seed funding will be used to support the company's growth, as well as to strengthen its teams and make its technology accessible to a broader audience.
With the rise of disinformation and fake news, the demand for fact-checking solutions has increased significantly in recent years. Buster.Ai's deep learning-based approach offers a promising solution to this problem, and the company's recent funding round demonstrates the interest and support of investors in this field.
Buster.Ai's recent seed funding round is expected to help the company grow and develop its deep learning-based solution to combat disinformation. The involvement of OneRagtime, Takara Capital, and business angels highlights the interest and support of investors in this field, which is becoming increasingly important in today's world of social media and online information sharing.