elv.ai, a Bratislava, Slovakia-based startup that combines artificial intelligence with human moderators to make the internet safer for debate, raised €500K in funding.
The Slovak CB ESPRI Impact One fund made the investment.
The company intends to use the funds to launch its product in the Czech Republic, where it protects discussions and social networks of Prima TV and the Economia publishing house.
Co-founded by Jakub Šuster, Gabriel Tóth, Ľudovít Ďurman and Milan Dubec, elv.ai leverages machine learning and human moderators who control the AI and recognise possible linguistic nuances not picked up by technology to transparently remove inappropriate and hateful content in the shortest possible time.
Since its launch in Slovakia, elv.ai has recorded over 2,500,000 hateful or disinformation comments out of more than 16,000,000 and has identified over 5,000 fake profiles. In the Czech Republic, out of more than 2 million monitored comments on 44 profiles, up to 504,000 were hateful content, which is 24%.
Commenting on the news, CEO Jakub Šuster said: “We perceive that the media space has changed significantly and that the need to protect online discussions and social networks from hatred is growing. In our native Slovakia, we monitor and moderate the discussions of roughly one-third of the media market and help a number of major institutions that want to control the posts of their online discussions: without misinformation, hoaxes or hate speech. We are pleased that even in the Czech Republic, we have quickly found conscious media houses that consider it their duty to protect their fans and users from hateful and misinformation content“
FinSMEs
16/01/2024