Factiverse AS

Factiverse AS, founded in 2019 and based in Norway, provides solutions for information verification. The company has completed 2 deals, with the most recent funding round occurring on November 17, 2024, where it raised USD 1. 45 mn.   Factiverse offers AI-driven solutions that protect organizations from misinformation by automating manual research tasks.

The company’s core product is Factiverse AI, which automates the process of verifying facts and identifying misinformation across multiple content types, including text, video, and audio. This tool allows users, such as consultants, financial analysts, and journalists, to conduct their research tasks and mitigate legal, financial, and reputational risks associated with disseminating inaccurate information. Factiverse also includes a comprehensive database known as FactiSearch, which features over 330,000 fact-checks from recognized publications, aiding users in finding credible sources relevant to their inquiries. The main geographical markets for Factiverse's offerings include Europe and North America, where it serves a wide array of clientele, from individual journalists to large media organizations and corporate entities.

  Factiverse's revenue model primarily revolves around subscription-based services tailored for professionals and organizations that require reliable information verification. Clients subscribe to various pricing tiers, with the Basic plan priced at EUR 10 per month, the Pro plan at EUR 25 per month, and customized plans available for teams with a minimum of five seats.   In November 2024, Factiverse AS raised USD 1. 45 mn in venture funding from investors.

The company plans to utilize this funding to combat disinformation using artificial intelligence. Future initiatives include the design and launch of new products aimed at enhancing their current offerings. Additionally, Factiverse is considering expansion into new geographic regions, targeting both Europe and North America for increased market penetration.