Savi Security raises $7 million for an app to fight AI scams

TechCrunch reports that Savi Security raised a $7 million seed round led by Acrew Capital, with participation from Magnify, TTCER, Resolute, and others. The company, founded by Patrick and Ryan Coughlin, is building an iPhone and Android app meant to protect consumers from realistic AI scams, including impersonation and ransom-style fraud. The round is small relative to frontier-model funding, but it is material because AI abuse is creating new consumer-security product categories.

Key details: Savi Security raised a $7 million seed round, Acrew Capital led the round, The company is building iPhone and Android protection against AI-enabled scams, The product targets realistic impersonation and ransom-style fraud.

Why it matters: The funding shows a downstream market forming around AI misuse, especially consumer defenses against voice, image, and impersonation scams.