AI news ·
Scamnetic Raises $13 Million to Combat Global Scams with Advanced AI Detection Technology
Scamnetic raised $13M to enhance its AI-driven scam detection platform, offering tools to identify, verify, and support scam victims worldwide.
Scamnetic Secures $13 Million to Advance AI-Powered Scam Detection
Scamnetic, a company dedicated to shielding individuals and businesses from digital scams, has raised $13 million in a Series A funding round. The investment was led by Roo Capital, with participation from 1st and Main Growth Partners, SaaS Ventures, and Riptide Ventures. This latest round brings Scamnetic’s total funding to $16 million.
The company offers a comprehensive scam detection platform designed to address a wide range of scam types. Its suite of services includes:
- Scan&Score – This tool automatically scans emails, text messages, social media direct messages, websites, messaging apps such as WhatsApp and Telegram, QR codes, physical mail, and images. It assesses the risk level of incoming communications to help users avoid potential scams.
- IDeveryone – A verification service that confirms the identity of any counterparty through simple technology. It helps users verify who they are interacting with via video, audio, or text before sharing payments or sensitive information. This feature targets scams related to dating, Facebook marketing, cryptocurrency, land investments, and others.
- Scam Intervention – A 24/7 hotline staffed by experts who assist scam victims in recovering assets and regaining control. This support aims to restore peace of mind for those affected by fraud.
- Scam Education – Provides users with up-to-date scam protection tips and resources to stay informed about new threats.
Plans for the Funding
Scamnetic will allocate the new capital toward expanding marketing, sales, and customer support teams. The funds will also accelerate the product development roadmap to meet growing global demand. Customers can expect enhanced features, broader international coverage, and stronger support throughout their engagement with Scamnetic.
Industry Perspectives
John Evans, Chief Operating Officer at Scamnetic, said: “We’ve always believed that the greatest threat to consumers isn’t just fraud — it’s the erosion of trust. This raise enables us to accelerate our mission: restoring confidence in a world increasingly plagued by scams. We’re grateful for our partners who continue to collaborate with us in this critical fight, as scams remain the most reported crime globally — highlighting the tremendous market opportunity ahead.”
Spencer Cecola, Partner at Roo Capital, added: “Scams are among the biggest issues facing consumers and businesses worldwide. As scams become more sophisticated with the rise of AI, the problem is proliferating at an alarming pace. Scamnetic is tackling this urgent challenge with a product that actually works. The world needs to fight AI with AI, and we’re excited to back them with capital and hands-on support to help them scale fast and stay ahead.”
With scams increasing in complexity, solutions like Scamnetic’s that combine AI-driven detection and human expertise offer a practical approach to protecting customers and businesses alike.