Innerworks Raises $4M Seed to Power 97% Accurate AI Fraud Detection
Innerworks, an AI-driven fraud detection startup, secured $4 million in seed funding led by AlbionVC with backing from Digital Currency Group, Founders Capital and others. Its Synthetic Threat Intelligence platform claims a 97% success rate spotting sophisticated AI-generated fraud—already aiding financial firms and national security teams, including tracing North Korean-backed crypto heists. The new capital will fuel product enhancements, expand its global RedTeam adversarial network and bolster partnerships with leading banks and asset managers.