Deduce, an identity security and authentication firm building developer-friendly tools to fight against account takeovers, has secured $9 million in funding to combat AI-generated identity fraud. The investment was led by Freestyle Capital, with participation from Foundry and True Ventures. Deduce aims to tackle the rise of AI-powered fraud, where cybercriminals use AI and stolen personal information to create realistic digital identities. The firm uses multi-contextual activity-backed intelligence to detect and prevent such activities across various industries, including finance, fintech, and e-commerce.
Deduce Raises $9M to Tackle AI-Generated Identity Fraud