🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Fraud prevention software platform RaptorX raises pre-seed round

EntrackrEntrackr · 7m ago
Fraud prevention software platform RaptorX raises pre-seed round
Medial

Fraud prevention software platform RaptorX has raised Rs 4 crore in a pre-seed funding round co-led by PeakXV Spark, EagleWings Ventures, and Point One Capital, along with participation from Peyush Bansal, Boat Co-founder & CMO Aman Gupta, and key angels (SVPs) from Google. The company had previously raised $120K in the same round. The fresh funds will be utilized to build and enhance its AI and machine learning capabilities for applications in both banking and e-commerce, expand the team, improve integrations with payment gateways, e-commerce platforms, and banking systems. Launched in 2023 by Pratyusha Vemuri, RaptorX operates at the intersection of fintech, regtech, e-commerce, and artificial intelligence, focusing on fraud prevention, anti-money laundering (AML), and customer risk intelligence. The platform aims to address challenges by providing predictive and real-time fraud detection, revealing hidden relationships, and enabling businesses to act proactively while ensuring compliance and operational efficiency. The Mumbai-based company aspires to develop scalable infrastructure for real-time transaction monitoring and e-commerce fraud prevention. It also intends to launch dedicated Anti-Money Laundering (AML) modules for payment screening and mule detection. According to market research, the global fraud detection and AML market is expected to surpass $129 billion by 2030. RaptorX claims that it has already put in place strategic levers to help scale to more than Rs 200 crore in annual revenue, with a focus on ARR growth over the next few years. It plans to expand to over 50 enterprise customers, handling over 1 billion monthly transactions. It may compete directly or indirectly with other companies in this space, such as Clarify, Karza Technologies, Unit21.ai, amongst others.

1

Related News

Deepfake detection startup Neural Defend secures pre-seed funding

EntrackrEntrackr · 4m ago
Deepfake detection startup Neural Defend secures pre-seed funding
Medial

Deepfake detection startup Neural Defend secures pre-seed funding Cybersecurity startup Neural Defend has raised over $600K in a pre-seed funding round led by Inflection Point Ventures (IPV) along with participation from MIT SBXI, Techstars, and Soonicorn Ventures. The capital will be used to enhance its agentic AI capabilities for real-time, multimodal deepfake detection, further advancing R&D efforts and product development, Neural Defend said in a press release. Co-founded in 2024 by Piyush Verma, Sivashankar Selvarajan, and Sumit Singh, Neural Defend focuses on deepfake detection and cybersecurity innovation, leveraging AI agentic technology to offer scalable and resilient solutions. Neural Defend aims to address the growing risks posed by AI-generated digital deception. The startup intends to redefine identity protection and fraud prevention on a global scale. It is scaling its operations by engaging with global enterprises, fintech companies, and financial institutions for product validation and market expansion. According to Neural Defend, unlike traditional methods, its proprietary AI models detect deepfakes across multiple data formats, including video/image, audio, real-time streams, ensuring robust fraud prevention for businesses and governments. Neural Defend claims to work with fintech companies and financial institutions focusing on Video verification and KYC use cases.

BlueLayer Raises €9.2M in Seed and Pre-Seed Funding Rounds

FinsmesFinsmes · 1y ago
BlueLayer Raises €9.2M in Seed and Pre-Seed Funding Rounds
Medial

Berlin-based company BlueLayer has secured €9.2 million in seed and pre-seed funding for its carbon project development platform. Led by Point Nine, the funding will be used to expand operations and further develop the platform. BlueLayer offers a comprehensive software platform for carbon project developers, helping to digitalize workflows, streamline carbon credit management, and maximize carbon revenues. The platform supports developers throughout the entire project lifecycle, from pre-feasibility to credit issuance and inventory tracking. BlueLayer's offerings cover various projects, including reforestation, forest conservation, and direct air capture. They have offices in Berlin, London, and Athens.

Cybersecurity startup Deep Algorithm raises Rs 10.8 Cr in seed round

EntrackrEntrackr · 1d ago
Cybersecurity startup Deep Algorithm raises Rs 10.8 Cr in seed round
Medial

Deep Algorithm Solutions, a cybersecurity and AI startup focused on fraud prevention in digital financial ecosystems, has raised Rs 10.8 crore (around $1.25 million) in a seed funding round led by Unicorn India Ventures, with participation from angel investors. The funding will be used to expand its engineering and threat intelligence teams, scale GTM efforts in India and Southeast Asia, and deepen platform integrations with systems like Azure AD and Okta. Founded in 2021, Deep Algorithm operates on a B2B model, offering enterprise-grade security products such as adapIDAI, an adaptive behavioral intelligence identity engine, and BotShield, a tool designed for zero-day threat prevention, DDOS mitigation, and runtime application protection. The startup provides continuous authentication and fraud analytics tailored for BFSI and other high-risk digital ecosystems. According to the Mumbai-based firm, it has completed live deployments at a major private bank, a government organization, and a private hospital. It also holds a government-issued patent and has filed an international patent. Deep Algorithm is now expanding into BFSI hubs like Mumbai and Bengaluru, and exploring partnerships in Kenya, South Africa, and the UAE. It is also building a SaaS model and analytics dashboards for mid-market clients and risk teams.

Download the medial app to read full posts, comements and news.