Scamnetic Secures $13 Million for AI-Driven Scam Detection

May 5, 2025 - 08:53

Scamnetic, a firm dedicated to safeguarding individuals and businesses from digital threats through innovative AI technology, has successfully raised $13 million in a Series A funding round. The investment was spearheaded by Roo Capital, with participation from notable investors including 1st and Main Growth Partners, SaaS Ventures, and Riptide Ventures. This latest funding brings Scamnetic's total investment to an impressive $16 million, underscoring the growing confidence in its mission to combat online scams.

The funding will be utilized to further develop Scamnetic's cutting-edge technology, enabling more effective detection and prevention of scams that target both consumers and enterprises. As digital threats continue to evolve, the need for robust security solutions has never been more critical. With this new capital, Scamnetic aims to enhance its offerings and expand its reach, providing essential protection in an increasingly complex digital landscape. The company is poised to play a significant role in the fight against online fraud as it continues to innovate in the AI space.