AI or Not raises 5M dollars to stop AI fraud, deepfakes, and misinformation

AI or Notis a widely-covered AI fraud detection platform. It has raised $5 million as part of a seed round to accelerate the use of “AI in order to detect AI in images, audio videos and deepfakes in order to prevent fraud and misinformation.

Foundation Capital was the lead investor in this round, with GTMFund Plug and Play and strategic angel investors also participating. The company noted that

the round was led by Foundation Capital. 85% view AI scams now as an “existential threat” and more than half have already become targets of deepfake tech.

In the next two years, generative AI scams could be responsible for over 40 billion dollars in losses alone in the U.S. This growing threat has fueled AI or Not’s growth in the past year. The company now serves over 250,000 users, and the new funding will be used to create more advanced ways to detect misinformation online, and ensure that their tools stay ahead of evolving threats.

In countless ways, our ability to hear and see is what we rely on to verify authenticity. Zach Noorani said in a press release that with the advent of generative AI, we can no longer be sure. “AI or Not’s unique approach to AI detector solves this emerging issue.” We’re thrilled to support their mission to protect people, companies and governments from the risks of generative AI. deepfakes impersonating female politicians, Deepfake voices are used to impersonate seniors in AI-generated music that is already available on major streaming platforms.

As a result of the recent backlash towards companies like Meta highlights the public demand for transparency and authenticity in digital content. AI or Not, with its innovative tools, is uniquely positioned in order to help users and enterprises navigate through the AI era, while safeguarding the trust of the digital world.

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

AI or Not is on a mission to protect individuals and organizations from the risks of generative AI misuse. The platform provides 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 people.