Scamnetic, a company focused on protecting individuals and businesses from digital threats using advanced AI technology, announced it received $13 million in series A funding. Roo Capital led the round, which 1st and Main Growth Partners, SaaS Ventures, and Riptide Ventures also joined. This series A funding round brings the total investment in Scamnetic to $16 million.
Scamnetic provides a holistic scam-detection solution that combats every current scam. And Scamnetic includes:
1.) Scan&Score – Automatically scans emails, text messages, social media direct messages, websites, messaging apps like WhatsApp, Telegram, etc., along with QR codes, physical mail, and images to understand the risk from any incoming communication.
2.) IDeveryone – This service verifies the identity of any counterparty using advanced but easy-to-use technology. It enables users to know exactly with whom they interact, whether by video, audio, or text, especially before sending payment or sensitive information. It combats dating scams, Facebook marketing scams, crypto scams, land investment scams, and more.
3.) Scam Intervention – Scamnetic’s hotline full of experts who work tirelessly to restore assets and peace of mind for scam victims. Scamnetic offers 24/7 support, helping consumers who may be in the throes of a scam, guiding victims to recovery and helping them reclaim control over their digital life.
4.) Scam Education – The latest scam protection tips and resources.
What the funding will be used for: Scamnetic will use the funds to support continued growth with additional marketing, sales, and customer support functions and accelerate its product roadmap in response to increasing global demand. Scamnetic customers will benefit from an enhanced core feature set, stronger global coverage, and deeper support throughout the customer lifecycle.
KEY QUOTES:
“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.”
John Evans, chief operating officer, Scamnetic
“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.”
Spencer Cecola, partner at Roo Capital
