- Companies
- Alice
Last Alice valuation
$500M
Series B · Jul 2021
Last Alice funding round
$140M
Undisclosed stage · Aug 2026
Cumulative funding Alice raised
$240M
across 2 funding rounds
Key investors in Alice
CRV
Resolute Ventures
Highland Europe
Vintage Investment Partners
Maj Invest Equity
Phoenix Financial
About Alice
ActiveFence is a New York-headquartered provider of AI-powered trust and safety solutions for online platforms worldwide. Its modular tool stack addresses harms including child sexual abuse material, hate speech, terrorism, fraud, disinformation, and nudity across more than 70 languages. ActiveFence combines machine learning models with human intelligence networks to detect and mitigate threats on social media, gaming, fintech, and e-commerce sites.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$500M (Jul 2021)
Alice Valuation
Alice is currently valued at $500M, based on its Series B in July 2021.
The $100M round was led by CRV and Highland Europe, with participation from Vintage Investment Partners, Resolute Ventures and Phoenix Financial.
Alice valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jul 2021 | Series B | $500M |
Alice Funding History
Alice has raised a total of $240M across 2 funding rounds.
Alice's first fundraising round was a $100M Series B in July 2021. The most recent completed round was a $140M undisclosed-stage round in August 2026.
Alice funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2026 | Undisclosed stage | Apax Digital (lead); Maj Invest Equity | $140M | - | Alice, the AI security company formerly known as ActiveFence, raised USD 140 million in a round led by Apax Digital Funds, with Maj Invest joining as a new backer alongside SentinelOne, Samsung Electronics, MoreTech and Phoenix Insurance. Existing investors including Resolute Ventures, Grove Ventures, CRV, Highland Europe, Vintage Investment Partners, Norwest, NFX and Claltech also participated, taking total funding to USD 280 million. The company said its AI security business had grown more than 500 per cent over two years and was approaching USD 100 million of annual recurring revenue. |
| Jul 2021 | Series B | CRV (lead); Highland Europe (lead); Vintage Investment Partners; Resolute Ventures; Phoenix Financial | $100M | $500M | ActiveFence is an AI-powered online safety company co-headquartered in New York and Tel Aviv that detects and combats malicious content including hate speech, disinformation, fraud, and child exploitation. The company uses natural language processing and machine learning algorithms to proactively search the internet for threats and harmful campaigns before they reach customer platforms, protecting billions of users across social media, gaming, streaming, file sharing, and marketplace platforms. Founded in 2018, ActiveFence emerged from stealth on July 27, 2021, announcing $100 million in funding across two rounds: a Series B led by CRV and Highland Europe, and a previously undisclosed Series A led by Grove Ventures and Norwest Venture Partners, with additional participation from Resolute Ventures and Vintage Investment Partners. The company was valued at over $500 million post-money and reported experiencing approximately 100% annual growth. ActiveFence's customer base includes some of the world's leading internet platforms, though specific names were not disclosed, and the company was expanding into additional markets including government agencies and brands seeking to secure their online ecosystems. |
Who has invested in Alice?
7 investors have backed Alice across its funding rounds, including CRV, Resolute Ventures, Highland Europe, Vintage Investment Partners, Maj Invest Equity and Phoenix Financial.
Lead investors include Apax Digital, CRV and Highland Europe.
Alice Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Jul 2021 | ||
| 1 | Participant | Aug 2026 | ||
| 1 | Lead | Jul 2021 | ||
| 1 | Participant | Jul 2021 | ||
| 1 | Participant | Jul 2021 | ||
This data is available for Pro users. Sign up to see all 7 Alice investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Alice
Alice has acquired 2 companies to date.
Last acquisition by Alice was on September 7th 2023. Alice acquired Spectrum Labs for undisclosed valuation.
Latest Acquisitions by Alice
| Description | Spectrum Labs is an AI platform detecting toxic behaviors in text, voice, and multilingual content for online safety. San Francisco-headquartered, it helps trust and safety teams at gaming and social platforms reduce moderation costs through automated flagging of harassment and misinformation. The technology processes real-time interactions to protect user communities globally. | Amsterdam-based Rewire builds APIs for detecting harmful online content including hate speech and misinformation. The platform scans social media posts and comments in real-time for moderation tools. Rewire serves news publishers and forums in Europe with customizable risk scores. |
| HQ Country | ||
| HQ City | San Francisco, CA | London |
| Deal Date | 7 Sep 2023 | 8 Mar 2023 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Alice acquisitions and their M&A valuation multiples. Start Free Trial | ||
Alice Competitors
Alice competitors include listed companies like Beijing Hanyi Innovation and Intelligo Technology, and private ones like /dev/agents, Auradine, CoLab Software and Comfy.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $500M | - | ||
| Private | - | - | $500M | - | ||
| Private | - | - | $500M | - | ||
| Private | - | - | $500M | - | ||
| Publicly listed | $28M | $5M | $493M | 13.9x | ||
| Publicly listed | $50M | $20M | $522M | 8.4x |
Alice Public Comps
Alice is still privately-owned, but its public comps include Beijing Hanyi Innovation, Intelligo Technology, Yidu Tech, ExaWizards, Winner Technology, Baida Group Co, Ropeok Technology Group, Hanwang Technology Co, Unisound Ai Technology and DSC Holdings.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $28M | $5M | 15.6x | 13.9x | 89.9x | 50.9x | |||
| $50M | $20M | 8.4x | 8.4x | 20.8x | - | |||
| $122M | ($4M) | 1.4x | 1.2x | (45.0x) | 7.7x | |||
| $77M | $13M | 6.6x | 5.7x | 39.3x | - | |||
| $46M | ($7M) | 9.0x | - | (60.9x) | - | |||
| $31M | $9M | 13.6x | - | 45.2x | - | |||
| $23M | ($28M) | 18.6x | - | (15.2x) | - | |||
| $282M | ($14M) | 2.2x | - | (44.4x) | - | |||
This data is available for Pro users. Sign up to see all Alice competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Alice
| When was Alice founded? | Alice was founded in 2018. |
| Where is Alice headquartered? | Alice is headquartered in New York City, NY, United States. |
| Is Alice publicly listed? | No, Alice is a private, VC-backed company. |
| What is Alice's valuation? | Alice was last valued at $500M in its Series B in July 2021. |
| How much funding has Alice raised? | Alice has raised $240M across 2 funding rounds. |
| What was Alice's last funding round? | Alice's last funding round was a $140M undisclosed-stage round in August 2026, led by Apax Digital. |
| Who are Alice's investors? | Alice's investors include Vintage Investment Partners, Maj Invest Equity, Highland Europe, Resolute Ventures, Phoenix Financial, CRV and Apax Digital. |
| Which companies are comparable to Alice? | Companies comparable to Alice include /dev/agents, Auradine, CoLab Software, Comfy, Beijing Hanyi Innovation and Intelligo Technology. |
| How many companies has Alice acquired? | Alice has acquired 2 companies, including Spectrum Labs and Rewire. |
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