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

Jan 17, 2025 - venturebeat.com
AI or Not, an AI fraud detection platform, has secured $5 million in seed funding led by Foundation Capital, with contributions from GTMFund, Plug and Play, and strategic angel investors. The funding aims to enhance the platform's ability to detect AI-generated deepfakes and misinformation in images, audio, and video, addressing the growing threat of AI scams, which could lead to over $40 billion in losses in the U.S. within two years. The company serves over 250,000 users and plans to use the funds to develop more sophisticated detection tools to stay ahead of evolving threats.

AI or Not employs proprietary algorithms to verify content authenticity, tackling issues like deepfake impersonations and AI-generated music. The platform's mission is to protect individuals and organizations from generative AI misuse, ensuring trust in digital content. With public demand for authenticity rising, AI or Not is well-positioned to address these challenges, as highlighted by recent backlash against companies like Meta. CEO Anatoly Kvitnisky emphasized the importance of creating a safer digital world by preventing AI-driven fraud and misinformation.

Key takeaways:

  • AI or Not has raised $5 million in seed funding to enhance its AI fraud detection platform, which identifies deepfakes and prevents misinformation.
  • The platform serves over 250,000 users and aims to address the growing threat of generative AI scams, which could cause over $40 billion in losses in the U.S. alone in the next two years.
  • AI or Not uses proprietary algorithms to verify the authenticity of content, including deepfakes impersonating politicians and AI-generated music on streaming platforms.
  • The company is focused on creating a safer digital world by providing real-time detection of AI-driven fraud and misinformation, with a team of seven people.
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