Breaking News: Infactory, the AI-based fact-checking startup, secures $4 million in seed funding led by Bee Partners, a16z’s Scout Fund, Alumni Ventures, and FJ Labs, valuing the company at $25 million.
In a bold move, two Humane.AI expats, Brooke Hartley Moy and Ken Kocienda, leave their struggling company to co-found Infactory. With Kocienda's 15 years of experience as a software engineer for Apple’s iPhone, the duo serves as CEO and CTO, respectively.
Infactory's innovative use of generative AI technology for fact-checking has caught the attention of investors. Unlike other platforms, Infactory will not rely on large language models (LLMs) to determine search query intent, avoiding potential biases and inaccuracies.
Hartley Moy emphasizes the importance of vetting data sources for accuracy, prioritizing partnerships with reliable vendors. The new funding will support team expansion and accelerate Infactory's market growth.
Analysis: Infactory's groundbreaking approach to fact-checking using AI technology has the potential to revolutionize the online information landscape. By prioritizing accuracy and transparency, they aim to combat misinformation and provide users with reliable sources. As investors show confidence in the company's vision, Infactory is poised for success in the competitive market of online fact-checking services.