• CrowdStrike for online disinformation.
• Palantir for combating online disinformation.

• Disinformation Detection and Mitigation Platform (SaaS): This software-as-a-service solution utilizes AI and machine learning to monitor and analyze online conversations in real-time, enabling commercial and public sector clients to combat disinformation.

Cyabra (CYAB) primarily serves commercial businesses and public sector agencies.

While Cyabra's regulatory filings indicate a concentration of revenue from a limited number of major customers, specific names of these commercial businesses or public sector agencies, particularly those with publicly traded symbols, are not publicly disclosed by the company.

Based on the company's descriptions and publicly available information, its clientele generally falls into the following categories:

• Government Agencies: Including state and local governments.
• Security Organizations: Entities focused on national or organizational security.
• Commercial Enterprises: A broad category that includes brands, campaigns, and businesses across various industries seeking to combat disinformation.

Dan Brahmy Co-Founder & CEO

Dan Brahmy is the Co-Founder and Chief Executive Officer of Cyabra, a role he has held since July 2017. Prior to co-founding Cyabra, he served as a strategy consultant at Deloitte Digital and also gained experience in SMB Sales at Google EMEA. He is also a member of Cyabra's Board of Directors and holds a 5.1% beneficial ownership stake in the company as of March 27, 2026.

Yael Sandler Chief Financial Officer

Yael Sandler serves as the Chief Financial Officer of Cyabra. She filed an initial Form 3 beneficial ownership statement dated March 27, 2026.

Yossef Daar Co-Founder & Chief Product Officer

Yossef Daar is a Co-Founder of Cyabra, initiating his role in July 2017. Before co-founding Cyabra, he was the chief research officer at a business intelligence agency. He also sits on Cyabra's Board of Directors.

Ido Shraga Co-Founder & Chief Technology Officer

Ido Shraga is a Co-Founder and the Chief Technology Officer of Cyabra. His background includes being an MIT Linguistics PhD candidate under Noam Chomsky and a former Microsoft Research NLP researcher.

Emmanuel Heymann Chief Revenue Officer

Emmanuel Heymann is the Chief Revenue Officer for Cyabra.

The key risks to Cyabra's business include the rapidly evolving sophistication of disinformation tactics, potential restrictions on data access from online platforms, and intense competition in the disinformation detection market.

1. Evolving Disinformation and AI Adversaries: Cyabra operates in a dynamic environment where malicious actors constantly develop new and more sophisticated disinformation tactics, amplified by advancements in generative artificial intelligence (AI) and botnet technologies. The company faces "persistent 'cat-and-mouse' risks" as adversaries continuously evolve their evasion techniques and create deepfakes and AI-crafted content. Cyabra must continuously innovate and update its AI and machine learning models to effectively detect and combat these rapidly changing threats; otherwise, its core offering could become less effective.

2. Platform Policy Shifts and Restricted Data Access: Cyabra's ability to monitor and analyze online conversations in real-time is heavily dependent on access to data from various social media and online platforms. Changes in platform policies, such as new API restrictions, or any moves to limit data access, could "blunt detection accuracy and increase cost-to-serve" for Cyabra. This reliance on external data sources exposes Cyabra to significant operational risks if platform owners decide to restrict or alter access.

3. Competitive Landscape: The market for disinformation detection and online authenticity solutions is competitive, with Cyabra facing numerous established and emerging players. Competitors include companies such as Talkwalker, BLACKBIRD.AI, Brandwatch, Graphika, Babel Street, Logically, Dataminr, and Meltwater. While the demand for data authentication solutions is growing, intense competition could pressure pricing, impact market share, and necessitate continuous investment in product differentiation and enhancement.

Cyabra, Inc. (CYAB) operates in several addressable markets related to combating disinformation and leveraging artificial intelligence for online monitoring and analysis. The key markets and their estimated sizes are detailed below:

• Disinformation Detection Market: The global disinformation detection market was valued at approximately USD 2.1 billion in 2024. This market is projected to grow significantly, reaching an estimated USD 13.7 billion by 2033, with a compound annual growth rate (CAGR) of 22.8%.
• Disinformation Security Market: The global disinformation security market is projected to reach USD 7.8 billion in 2026 and is expected to grow to USD 26.5 billion by 2035, at a CAGR of 14.5% during the 2026-2035 period. Specifically for the U.S. region, this market is projected to be USD 2.8 billion in 2026 and grow to USD 8.7 billion by 2035, with a CAGR of 13.6%.
• AI in Social Media Market: The global AI in social media market was valued at USD 2.45 billion in 2024 and is anticipated to reach approximately USD 54.07 billion by 2034, exhibiting a substantial CAGR of 36.26% from 2025 to 2034. North America dominated this market in 2024. Another source indicates the global AI in social media market was valued at USD 4.12 billion in 2025 and is projected to reach USD 70.53 billion by 2034, with a CAGR of 37.11%.
• AI Detector Market: The global AI detector market, which includes tools for content authenticity, academic integrity, and deepfake detection, was estimated at USD 581.3 million in 2025. It is projected to grow to USD 5,226.4 million by 2033, at a CAGR of 32.0% from 2026 to 2033. North America held the largest share of the AI detector market in 2025.

Cyabra, Inc. (CYAB) anticipates several key drivers for its revenue growth over the next 2-3 years, primarily focusing on expanding its market presence, enhancing its technology, and deepening customer relationships. These drivers are outlined in recent company communications, including a May 2026 shareholder letter.

1. Expansion of Recurring Revenue from Existing Customers: A primary focus for Cyabra is to increase recurring revenue through contract renewals, upsells, and broader platform adoption among its current client base. The company has already demonstrated success in this area, securing multi-year, six-figure renewal agreements that broaden the scope of services for existing clients.

2. Conversion of Strategic Partnerships into Scalable Distribution Channels: Cyabra aims to convert its strategic partnerships and channel relationships into scalable distribution networks. This strategy is intended to expand the company's reach across both public sector and enterprise segments, indirectly leading to new customer acquisition and revenue growth.

3. Enhancement and Deepening of Platform Capabilities: Continued investment in the Cyabra platform to integrate advanced features is a significant growth driver. This includes developing capabilities for authenticity assessment, coordination detection, synthetic media analysis, and comprehensive mitigation workflows. These enhancements, such as real-time narrative analysis, threat alerts, and monitoring for impersonation and AI-generated content, are expected to increase the platform's value proposition, attracting new clients and facilitating higher-value contracts.

4. Acquisition of New Commercial and Public Sector Clients: Direct expansion of the customer base remains a crucial driver. Cyabra has recently secured new high-profile clients, including a six-figure annual agreement with a Fortune 500 consumer brand. The company also serves governmental entities like NATO and Korea's Ministry of Foreign Affairs, indicating continued success in acquiring new sovereign and enterprise clients.

5. Increasing Market Demand for Digital Trust and Disinformation Detection Services: The growing global challenge of disinformation and the proliferation of AI-generated content are creating a larger addressable market for Cyabra's services. As governments and enterprises increasingly recognize the critical need to identify and mitigate harmful narratives and inauthentic online activity, the demand for Cyabra's specialized solutions is expected to rise.

Share Issuance

• Cyabra completed a business combination with Trailblazer Merger Corporation I, leading to its public debut on the Nasdaq Global Market as CYAB on March 27, 2026.
• As of March 27, 2026, Cyabra had 13,814,167 shares outstanding.
• A resale prospectus was filed for up to 14,042,892 shares by selling shareholders related to the business combination, with the company potentially receiving up to $4,600,000 if 400,000 PIPE Warrants are exercised at $11.50 per share.

Inbound Investments

• Cyabra was previously venture capital-backed prior to its public listing.
• The business combination with Trailblazer Merger Corporation I on March 27, 2026, served as a significant capital event for the company to go public.
• Alpha Capital Anstalt reported beneficial ownership of 1,380,031 shares, or 9.99% of Cyabra's common stock, as of March 27, 2026, as part of the public listing.

Capital Expenditures

• For the trailing twelve months, Cyabra reported capital expenditures of -$55,000.
• Investing cash flow for the trailing twelve months was -$54,000.