Copyleaks raises $6 million to uncover plagiarism
The Israeli startup’s AI-based product can spot whether text has been used elsewhere, even including cases where the text has been edited or paraphrased
Israeli company Copyleaks, which develops an AI-based product for spotting similarities and understanding the meaning of textual content, has announced today that it has completed a $6 million Series A round. The round was led by JAL Ventures with participation from the State of Connecticut’s investment fund Connecticut Innovations, which previously led its $1.8 million Seed round.
“Copyleaks’s technology can recognize the writer’s ‘voice’ and the meaning of things in the original text, thus managing to carry out a comparison and identify any non-original text in more than a hundred languages,” explained Alon Yamin, CEO and founding partner of Copyleaks. “The great advantage of our system is our AI capabilities, which allow us to truly understand the text and thus identify non-original content that has been edited in one way or another. Our service is offered both in the form of an online service to millions of registered users and as an API embedded in the systems of our hundreds of institutional customers, and enables them to meet their unique content needs,” he adds.
Copyleaks’ AI-based online product identifies the authenticity of text. With AI, it can spot whether text has been used elsewhere, even including cases where the text has been edited or paraphrased. To date, its service is offered to institutional and private clients in more than 100 languages around the world and by organizations such as Macmillan Publishers, schools and universities such as Stanford and Oakland, and content organizations such as the BBC and Medium. Cisco and Accenture are using it to ensure their copyrights are protected.
Copyleaks was founded by Yamin and Yehonathan Bitton after they both met in the IDF 8200 Unit. Today, the company operates from New York and Kiryat Shmona, where the development team is located. It employs some 20 full-time employees, about half of them in Israel.
“The current fundraising will enable us to significantly increase the number of developers in Israel, continue to develop essential technology for leading organizations, and strengthen Kiryat Shmona as a magnet for high-tech and innovation companies,” added CTO and founding partner Yehonatan Bitton. “We are proud of our ability to export leading Israeli technology in its field."
David Sikorsky, Venture Partner at JAL Ventures, added: “We are very excited to support Copyleaks and its two founders as they continue to grow at a fast pace and improve upon an already impressive technology. We are particularly proud to participate in the development of the Kiryat Shmona region as a growing technological R&D ecosystem in Israel.”