PeakMetrics, a Los Angeles, CA-based narrative intelligence company, has secured $3 million in seed funding, bringing its total funding to $5.7 million.
SaaS Investors
The round was led by York IE, with support from Argon Ventures, Parameter Ventures, and CEAS Investments.
York IE is a vertically integrated growth and investment firm for technology companies, investing in B2B SaaS startups. The firm was founded in 2019 and is based in Manchester, New Hampshire.
Joe Raczka of York IE joins PeakMetrics' board of directors.
PeakMetrics Use of Funds
The investment will fuel the company's expansion to meet growing demand, particularly in the wake of the 2024 election season and the prevalence of misinformation online. With a focus on proactive narrative intelligence, PeakMetrics plans to enhance its product capabilities and go-to-market efforts.
About PeakMetrics
Founded in 2020 by Nick Loui and Bobby Lincoln, PeakMetrics provides a narrative intelligence platform that assists enterprises and governments in identifying and addressing emerging online narrative threats. Using state-of-the-art ML technology, PeakMetrics analyzes over 1.5 million media sources and 10 different social media platforms in real time to detect and counter media manipulation and adversarial attacks. The company has already aided major organizations in managing reputational crises and viral trends.
Funding Details
Company: PeakMetrics, Inc.
Raised: $3.0M
Round: Seed Round
Funding Month: March 2024
Lead Investors: York IE
Additional Investors: Argon Ventures, Parameter Ventures, and CEAS Investments
Company Website: https://www.peakmetrics.com/
Software Category: Media Monitoring and Analytics
Source: https://www.accesswire.com/840053/peakmetrics-raises-3m-to-help-enterprises-and-governments-combat-online-narrative-threats