What is Logically?
Founded in 2017 by MIT and Cambridge alumni Lyric Jain, Logically leverages sophisticated artificial intelligence coupled with one of the world's most extensive fact-checking operations. Its mission is to empower governments, businesses, and the public to identify and counteract the pervasive spread of harmful misinformation and deliberate disinformation. By enhancing civic discourse, safeguarding democratic processes, and ensuring access to trustworthy information, Logically is establishing itself as a critical player in the information integrity sector. The company has strategically expanded its operations with offices in the U.K. and India, and is poised for further growth with an upcoming U.S. office.
How much funding has Logically raised?
Logically has raised a total of $24M across 1 funding round:
Other Financing Round
$24M
Other Financing Round (2022): $24M with participation from Amazon Alexa Fund and Vitruvian Partners
Key Investors in Logically
Amazon Alexa Fund
The Amazon Alexa Fund is Amazons venture capital fund investing in artificial intelligence, voice technology, frontier tech, robotics, and IoT across consumer, enterprise, healthcare, and other sectors.
Vitruvian Partners
Vitruvian Partners is a European private equity firm focusing on leveraged buyout and growth capital investments in middle-market companies. Vitruvian invests throughout the UK and Europe and recently in China and India. The firm has offices in London, Munich, Madrid, Stockholm, Shanghai, San Francisco and Luxembourg. The firm was founded by former partners of Apax Partners, BC Partners and Bridgepoint Capital.
What's next for Logically?
The recent infusion of capital, characterized as a major strategic investment, signals Logically's readiness to scale its operations and enhance its technological capabilities. This enterprise-level funding is expected to accelerate the company's expansion into new markets, particularly the U.S., and further develop its AI-driven misinformation detection and analysis platforms. Logically is well-positioned to capitalize on the increasing global demand for solutions that combat disinformation, aiming to solidify its leadership in providing trustworthy information and protecting democratic discourse.
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