Scamnetic, a Tampa-based cybersecurity startup, has raised $13 million in Series A funding to enhance its AI-powered scam detection platform. Led by Roo Capital, with participation from 1st and Main Growth Partners, Riptide Ventures, and SaaS Ventures, this investment brings Scamnetic’s total funding to $16 million.
Founded in 2024, Scamnetic offers a comprehensive solution that scans emails, texts, QR codes, images, and even physical mail to identify potential scams. Its proprietary tools, Scan&Score™ and IDeveryone™, assess risk levels and verify the identities of communication partners across various media, including video, audio, and text. The platform aims to protect users from a wide range of scams, such as dating fraud, crypto schemes, and investment scams.
The company also provides 24/7 support through its Scam Intervention™ service, assisting victims in recovering assets and navigating the aftermath of scams. Scamnetic plans to launch a direct-to-consumer subscription service in the coming months, expanding its reach beyond enterprise integrations.
According to the FBI’s 2024 Internet Crime Report, cyber-enabled fraud losses amounted to $13.7 billion, representing approximately 83% of all reported cybercrime losses. Scamnetic’s platform addresses this growing threat by leveraging AI to detect and prevent scams in real time, providing users with the tools to safeguard their digital interactions.
With this new funding, Scamnetic aims to accelerate its product development and expand its customer support capabilities, reinforcing its commitment to combating digital fraud through innovative AI solutions.
