AI or Not raises $5 million to stop AI fraud, deepfakes and misinformation

AI or nota widely used AI fraud detection platform, has raised $5 million in a seed funding round to accelerate the use of “AI to detect AI” in images, audio videos and deepfakes to prevent fraud and misinformation.

Foundation Capital led the round, with participation from GTMFund, Plug and Play and strategic angel investors.

the company noted 85% of corporate finance experts now view AI fraud as an “existential” threat and more than half of them have already been targeted by deepfake technology.

Generative AI scams could account for more than 100,000 cases in the next two years 40 billion dollars Losses in the USA alone. It is this growing threat that fueled AI or Not’s growth over the past year, serving over 250,000 users to date. The new funding injection will be used to develop more sophisticated methods of detecting misinformation online and ensure its tools stay ahead of evolving threats.

“In many ways, we rely on our ability to see and hear to verify authenticity. With the emergence of generative AI models, we can no longer be so sure,” said Zach Noorani, partner at Foundation Capital, in a statement. “AI or Not’s unique approach to AI detection solves this emerging problem. We are pleased to support their mission to protect people, businesses, governments and assets at large from the risks of generative AI.”

AI or Not’s platform uses proprietary algorithms to identify and verify the authenticity of content ranging from AI-generated content Deepfakes Pretending to be politicians Deepfake voices Used to impersonate seniors for AI-generated music that is already on major streaming platforms.

Like the recent backlash against companies like Meta Highlights: Public demand for authenticity and transparency of digital content is increasing. With its innovative tools, AI or Not is uniquely positioned to address these challenges and help users and businesses navigate the complexities of the AI era while maintaining trust in the digital world.

“Generative AI has unlocked incredible potential, but it has also opened the door to harmful abuse that affects everyone from vulnerable individuals to global corporations,” Anatoly Kvitnisky, CEO of AI or Not, said in a statement. “This funding allows us to continue our mission of creating a safer digital world by empowering users to detect and stop AI-driven fraud and misinformation before they cause harm.”

AI or Not is committed to protecting individuals and organizations from the risks of generative AI misuse. The platform offers advanced AI-powered tools to detect deepfakes, fraud and misinformation in real-time, ensuring authenticity in an increasingly AI-driven world. The company has seven employees.

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