Verisoul has raised an $8.8 million Series A round to expand its fraud prevention platform focused on stopping fake accounts, bots, and other forms of user-driven abuse as AI makes attacks more scalable and harder to detect. The round was led by High Alpha, with participation from Lookout Ventures, Bain Future Back Ventures, Bitkraf,t and Third Prime.
The Austin-based company said it has grown rapidly since commercializing its product, scaling from zero to more than 100 customers in two years and delivering more than 6x year-over-year ARR growth. Since its $3.25 million seed round, Verisoul said it has continued that momentum and was named Austin’s 2024 “Emerging Startup of the Year” at the Austin A List Awards. Verisoul also said it is already protecting customers, including Clay, Augment Code, and Morning Consult, from what it described as hundreds of millions of AI-driven attacks.
Verisoul positioned the fundraising around a rising threat environment where fraudsters can deploy autonomous agents at scale, mimic human behavior, and bypass traditional defenses such as CAPTCHA. The company said the volume of intelligent fraud attacks has surged by more than 250% year over year. It argued that user verification has become more critical, as content and identities can be generated by AI.
The company described its product as an all-in-one platform that operates across the entire user lifecycle from first click to conversion and beyond. Verisoul said it combines real-time behavioral, device, and network forensics with identity signals, including email intelligence and ID verification, to build a high-fidelity profile of each user. Verisoul said it relies on spoof-resistant forensics, scored against internally developed AI models, and evaluated using customer-specific rules, to produce an actionable label for each user, account, and transaction: “Real,” “Suspicious,” or “Fake.”
Verisoul said its approach is helping it win competitive evaluations, reporting that it wins more than 80% of head-to-head technical tests and that it has displaced incumbent vendors. The company said it now serves customers across 12 industries, including advertising, market research, payments, and financial services.
Verisoul is led by co-founder and CEO Henry LeGard, who previously held leadership roles at TransUnion, and is joined by co-founder and CPO Raine Scott, who previously led fraud and risk teams at Ahead Financial and Meta, and co-founder and CTO Niel Katkar, who worked on the identity layer at Capital One.
The company said it will use the Series A capital to expand its team, accelerate product development, and scale go-to-market efforts as it targets broader adoption among businesses facing increasingly intelligent fraud threats.
KEY QUOTES:
“We started Verisoul to stop fraud at every moment throughout the user journey — empowering companies of all sizes and in all industries to ensure users are real, unique, and trusted.”
“Fake users are overwhelming the internet, and AI is making the problem exponentially worse for virtually every digital business,” said Verisoul co-founder and CEO Henry LeGard. “We started Verisoul to stop fraud at every moment throughout the user journey — empowering companies of all sizes and in all industries to ensure users are real, unique, and trusted.”
Henry LeGard, Co-Founder And CEO Of Verisoul
“As our company grows, securing our user base against sophisticated fake accounts, data scraping, and payment fraud is non-negotiable. Verisoul has given us confidence in the quality of our signups and made a huge impact on our ability to track data credits and AI tokens. It’s a critical part of our fraud strategy as we scale.”
Yash Tekriwal, GTM Engineer At Clay
“In a world where fraud is costing companies billions and AI is weaponizing bad actors, Verisoul is building the next generation of digital trust. Verisoul’s growth trajectory is rare, driven by Henry’s vision, his exceptional team, and the technically superior solution they’ve developed. Verisoul’s platform doesn’t just block fake users — it is uniquely positioned to be the single source of truth for user integrity at high-growth companies.”
Scott Dorsey, Co-Founder And Managing Partner At High Alpha
