Company Name: Deduce
Location: New York City (NYC)
Business Focus: Preventing AI-generated identity fraud
Funding Details: $9M
Purpose of Funding: The company plans on utilizing the funds to roll out its innovative GenAI Identity fraud solution from its stealth phase. Deduce aims to amplify its capabilities to combat the escalating threat of SuperSynthetic identity fraud. This proactive approach will be especially pivotal for various sectors such as the financial service industry, fintech, and e-commerce.
Background: At the helm of Deduce's operations is CEO Ari Jacoby. The company's prowess lies in its unparalleled ability to detect and unmask SuperSynthetic customers. These AI-engineered identities are meticulously crafted to deceive legacy fraud solutions. Deduce employs its patented technology, coupled with an expansive, activity-backed identity graph. This graph encompasses 840M US-based email identities, generating over 1.5 billion authenticated online events every day across an impressive roster of 150,000+ websites and apps. By harnessing multi-contextual intelligence, Deduce masterfully assimilates and scrutinizes real-time data from a myriad of sources. This deep-dive approach helps the company discern identity patterns and spotlight the distinct digital forensics patterns borne out of AI-engineered fraud. The real game-changer? Deduce's capacity to discern anomalies in seemingly regular identities, subsequently marking them for further examination.
About Company: Deduce has pioneered a solution to counter AI-generated identity fraud, and it's already gaining traction with renowned industry partners. These include Experian, ForgeRock, Auth0, and Ping Identity, all of which are integrating Deduce's groundbreaking technology to ensure digital identity safety.