Socratix AI, a San Francisco–based company developing autonomous AI coworkers for fraud and risk teams, has raised $4.1 million in seed funding led by Pear VC, with participation from Y Combinator, Twenty Two Ventures, Transpose Platform Management, and several strategic angel investors.
The funding will accelerate engineering and go-to-market hiring, deepen industry partnerships, and support product R&D to combat the growing wave of AI-powered fraud.
As financial fraud grows increasingly sophisticated, Socratix AI is building AI coworkers that investigate and resolve alerts in real time, helping analysts manage the surge of automation- and identity-driven attacks. The company’s technology unifies fragmented data sources and provides clear, explainable recommendations while keeping analysts in control of critical judgment calls.
Founded by MIT, IIT, and UCLA alumni, CEO Riya Jagetia and Co-founder Satya Vasanth Reddy Tumati bring deep experience from designing large-scale fraud detection systems and enterprise AI infrastructure. Early customers report that tasks that once took hours can now be completed in minutes, significantly boosting operational efficiency.
KEY QUOTES
“Fraud analysts are drowning in manual work while fraudsters are scaling with AI. We’re building AI coworkers that take on the repetitive investigation work, so analysts can focus on making the judgment calls that protect financial systems and customer trust.”
Riya Jagetia, CEO and Co-founder, Socratix AI
“At Pear, we’re drawn to founders who combine deep technical ability with real earned insight. Riya and Satya know firsthand how fraud and risk teams operate, and where existing systems break down. Socratix is building AI coworkers that make those teams faster, smarter, and more resilient. We’re proud to back them as they help define the next era of agentic software in financial services.”
Ryan Sells, Partner, Pear VC
