Neural Defend, an AI cybersecurity startup focused on deepfake detection, has secured over $600,000 in pre-seed funding to combat the rising threat of AI-powered financial fraud. The funding round was led by Inflection Point Ventures (IPV), with participation from MIT SBXI, Techstars San Francisco, and Soonicorn Ventures. Founded in 2024 by Piyush Verma, Sivashankar Selvarajan, and Sumit Singh, Neural Defend operates from dual headquarters in India and San Francisco. The company’s technology focuses on real-time, multimodal deepfake detection, specifically targeting the growing threat of identity fraud in financial transactions.

Source: https://idtechwire.com/ai-startup-neural-defend-raises-600k-to-combat-deepfake-financial-fraud/