AI or Not raises $5M to cease AI fraud, deepfakes and misinformation

AI or Not, a broadly lined AI fraud detection platform, has raised $5 million in a seed funding spherical to speed up its use of “AI to detect AI” in pictures, audio video and deepfakes to stop fraud and misinformation.

Basis Capital led the spherical, with participation from GTMFund, Plug and Play, and strategic angel traders.

The corporate famous 85% of company finance professionals now view AI scams as an “existential” menace and greater than half of them have already change into a goal of deepfake know-how.

Within the subsequent two years, generative AI scams may very well be chargeable for over $40 billion of losses in U.S. alone. It’s this rising menace that fueled AI or Not’s development over the previous yr, serving over 250,000 customers up to now, with the brand new injection of funding used to create extra refined methods of detecting misinformation on-line and guarantee their instruments stay forward of evolving threats. 

“In numerous methods, we depend on our potential to see and listen to to confirm authenticity. With the arrival of generative AI fashions, now we are able to not be so certain,” stated Zach Noorani, accomplice at Basis Capital, in a press release. “AI or Not’s distinctive strategy to AI detection solves this rising downside. We’re excited to assist their mission of defending folks, firms, governments, and property broadly from the dangers posed by generative AI.”

AI or Not’s platform makes use of proprietary algorithms to determine and confirm authenticity in content material, starting from AI-generated deepfakes impersonating feminine politicians, deepfake voices used to impersonate seniors to AI-generated music already current on main streaming platforms.

Because the current backlash in opposition to firms like Meta highlights, public demand for authenticity and transparency in digital content material is surging. With its modern instruments, AI or Not is uniquely positioned to handle these challenges, serving to customers and enterprises navigate the complexities of the AI period whereas safeguarding belief within the digital world. 

“Generative AI has unlocked unimaginable potential, however it has additionally opened the door to dangerous misuse that impacts everybody from susceptible people to world enterprises,” stated Anatoly Kvitnisky, CEO of AI or Not, in a press release. “This funding permits us to proceed our mission of making a safer digital world by giving customers the power to detect and cease AI-driven fraud and misinformation earlier than it causes hurt.”

AI or Not is on a mission to guard people and organizations from the dangers of generative AI misuse. The platform gives superior AI-powered instruments to detect deepfakes, fraud, and misinformation in real-time, making certain authenticity in an more and more AI-driven world. The corporate has seven folks.

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