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Australian company Apate.ai announced the completion of an $8.15 million seed round led by Lobby Capital, with participation from OIF Ventures, Investible, Concept Ventures and Baobab Ventures, bringing cumulative funding to nearly $10 million. The company uses large-model-driven AI to impersonate ordinary people and stall scammers; it is disclosed to have completed about 2.5 million conversations and to have about 350,000 AI bots, with customers including Commonwealth Bank of Australia and TPG Telecom. Other reports say Apate has partnered with telecom analytics provider Mobileum to deliver this capability to the latter's customers under the name Scam Intelligent Defense. No further post-funding progress has been disclosed.
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Australian startup Apate.ai closes US$8.15 million seed round, using 350,000 AI bots to fight scamsDevelopments
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Oct 22
36Kr · AI
Australian startup Apate.ai closes US$8.15 million seed round, using 350,000 AI bots to fight scams
Australian company Apate.ai has closed a US$8.15 million seed round led by Lobby Capital, with participation from OIF Ventures, Investible, Concept Ventures and Baobab Ventures, bringing cumulative funding to nearly US$10 million. The company uses large-model-driven AI to impersonate ordinary people and keep scammers occupied; it is reported to have completed about 2.5 million conversations and to have roughly 350,000 AI bots, with customers including Commonwealth Bank of Australia and TPG Telecom. Cao Xiao of Shanghai University of Finance and Economics argues that intelligence obtained through such proactive engagement should be subject to a tiered mechanism and multi-source cross-verification, and should not be used directly as grounds for blocking.
Oct 21
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