The Venture Codex

Participated · Equity · Jun 2024

Factiverse is a Norway-based fact-checking startup that uses machine learning to verify AI-generated content and automatically detect inaccurate outputs. Founded in 2019, the company builds patented models and launched the Factiverse AI Editor last year to detect biases and mistakes in text produced by tools like ChatGPT while surfacing reliable sources. Co-founder and CTO Vinay Setty, an associate professor in machine learning at the University in Stavanger, provided the research foundation for the models after more than a decade studying text and graph mining for fact-checking. The startup's product targets high-profile AI hallucination problems that have led to factual errors at news outlets and in corporate chatbots. Factiverse recently secured €1mn in funding to accelerate development and further refine its fact-checking solutions. It has also launched a 30-day journalist trial with no payment card required to broaden its user base and encourage adoption.