Deduce raises $9 million to tackle AI-generated identity fraud

Deduce has raised $9 million in funding led by Freestyle Capital, with additional investment by Foundry and True Ventures. The funding will launch Deduce’s GenAI Identity fraud solution out of stealth and help the company scale to prevent large-scale SuperSynthetic identity fraud across multiple verticals, including the financial service industry, fintech, and e-commerce. The rise of generative AI has accelerated efficiency across industries, including organized fraud, with the introduction of platforms such as FraudGPT. Bolstered … More →

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