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New York, NY – January 15, 2025 – Cyabra Strategy Ltd. (Cyabra), a leading provider of AI-driven solutions combating online disinformation, announced preliminary 2024 financial results. As of December 2024, annual recurring revenue (ARR) reached $6.1 million, a 75% increase from December 2023 and over 930% growth from December 2022. This growth reflects increased demand for Cyabra's solutions in combating digital threats. CEO Dan Brahmy highlighted the company's commitment to innovation and client trust as key factors in this success. Cyabra also announced its virtual participation in the 27th Annual Needham Growth Conference on January 17, 2025, where CEO Dan Brahmy and CFO Yael Sandler will be available for investor meetings.
Cyabra's flagship platform is a go-to solution for real-time disinformation and misinformation detection. The company's rapid growth is driven by strategic initiatives to scale operations and enhance product offerings. Cyabra's success is also underscored by the growing market need to combat online disinformation, with Gartner projecting enterprise spending on disinformation defense to reach $500 billion by 2028.
Cyabra has entered into a business combination agreement with Trailblazer Merger Corporation I (NASDAQ: TBMC). Further information can be found on Cyabra's Investor Relations page.