Scamnetic Raises $13M Series A to Battle AI-Driven Fraud Epidemic

In a digital world increasingly flooded with fake identities, deepfakes, and AI-generated deception, trust has become the ultimate casualty. Scamnetic, a rising force in AI-powered scam protection, just banked $13 million in Series A funding to scale its war against online fraud.

The round, led by Roo Capital with participation from 1st and Main Growth Partners, SaaS Ventures, and Riptide Ventures, brings Scamnetic’s total funding to $16 million. The fresh capital injection comes as global fraud losses hit historic highs, with consumers worldwide reporting an avalanche of scams that increasingly leverage the same AI tools built to defend against them.

“We’ve always believed that the greatest threat to consumers isn’t just fraud — it’s the erosion of trust,” said John Evans, Scamnetic’s chief operating officer. “This raise enables us to accelerate our mission: restoring confidence in a world increasingly plagued by scams.”

From Niche Player to Scam Sentinel

Founded with the aim of becoming the frontline defense in the digital trust crisis, Scamnetic has quickly evolved into a multipronged anti-scam platform that integrates real-time detection, ID verification, recovery assistance, and user education. The company positions itself as the only end-to-end solution on the market capable of combating every major scam vector — from phishing links and fake QR codes to impersonation scams and synthetic identities.

Its flagship components include:

• Scan&Score™: A multi-platform scanner that uses AI to assess threat levels across email, SMS, social DMs, messaging apps like WhatsApp and Telegram, websites, QR codes, and even physical documents.

• IDeveryone™: A real-time identity verification tool designed to combat romance scams, Facebook marketplace cons, crypto theft, and investment fraud. It works across text, voice, and video.

• Scam Intervention™: A 24/7 crisis response hotline staffed with scam recovery specialists, offering real-time support for users caught in an unfolding fraud scenario.

• Scam Education™: A public resource hub providing scam-prevention training, alerts, and tools.

The investment will fund expansion across sales, customer support, and global marketing while accelerating the product roadmap, including deeper integrations into consumer and enterprise communication platforms.

A Marketplace Primed by Pain

The timing couldn’t be more urgent. According to the FTC, Americans lost more than $12.5 billion to scams in 2024 — up 25% from the previous year. Text-message scams alone siphoned off $470 million. The Nasdaq Global Financial Crime Report pegs worldwide losses from fraud at nearly half a trillion dollars annually, and international losses may have breached the $1 trillion mark.

Scams aren’t just more frequent; they’re more sophisticated — and scalable — thanks to generative AI, cheap access to personal data, and deepfake technology. As a result, threat actors now impersonate loved ones, CEOs, and even law enforcement officers with chilling precision.

“Scams are among the biggest issues facing consumers and businesses worldwide,” said Roo Capital partner Spencer Cecola. “The world needs to fight AI with AI, and we’re excited to back [Scamnetic] with capital and hands-on support to help them scale fast and stay ahead.”

Trust as a Product

While cybersecurity startups often focus on threat prevention in the enterprise, Scamnetic is carving out a rare lane — targeting the everyday digital citizen with tools once reserved for security professionals. It’s a bet on the growing consumerization of cybersecurity, where digital safety is not just a feature — it’s a lifestyle product.

What Scamnetic is selling, ultimately, is trust: trust that your online date is real, that the job offer in your inbox isn’t a trap, and that the text from “FedEx” isn’t a crypto wallet killer.

With scams evolving faster than most regulators can react, that trust may soon become the most valuable commodity online. And Scamnetic, flush with funding and charging ahead, wants to be its gatekeeper.