In a pre-seed fundraising round led by Inflection Point Ventures (IPV), cybersecurity startup Neural Defend has raised over $600K, with participation from MIT SBXI, Techstars, and Soonicorn Ventures.
According to a press statement from Neural Defend, the funding will be utilized to improve its agentic AI capabilities for multimodal, real-time deepfake detection, hence promoting research and development and commercial development.
Neural Defend, a cybersecurity startup co-founded in 2024 by Piyush Verma, Sivashankar Selvarajan, and Sumit Singh, specializes in deepfake detection and leverages AI agentic technology to provide scalable and reliable solutions.
The goal of Neural Defend is to mitigate the increasing threats associated with digital fraud produced by AI. The business wants to revolutionize fraud prevention and identity protection globally. By collaborating with multinational corporations, fintech firms, and financial institutions for product validation and market expansion, it is growing its business.
According to Neural Defend, unlike previous approaches, its unique AI models detect deepfakes across several data types, including video/ picture, audio, real-time streams, ensuring robust fraud prevention for enterprises and governments.
Neural Defend asserts that it works with financial institutions and fintech enterprises, specializing on KYC and video verification use cases.
Vikram Ramasubramanian, Partner and CIO at IPV says, "Cyber threats are evolving rapidly, posing risks to businesses and individuals. Neural Defend's AI-driven real-time detection technology addresses a critical need in cybersecurity and identity protection. Their vision and early traction make them a compelling investment."
"Our goal is to protect real identities against digital deception through innovative AI agentic technology," said Piyush Verma, CEO of Neural Defend.
