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Apate.AI raises $11.4 million in a Seed round led by Lobby Capital to support its US relocation and global expansion efforts.

PRIVATEAug 31, 20263 days ago

Amount Raised

$11.4 Million

Round Type

Seed

Macquarie ParkSoftwareArtificial Intelligence

Investors

Baobab VenturesConcept VenturesInvestibleOif VenturesLobby Capital

Description

Anti-scammer startup Apate.AI has secured a $11.4 million Seed round as it relocates to the US. The funding led by Lobby Capital will aid in international expansion and platform development. Peter Eckermann will lead the North American expansion while the tech team remains in Sydney. Apate.AI aims to disrupt the scam industry with its AI technology.

Company Information

Company

Apate.ai

Location

Macquarie Park, New South Wales, Australia

About

Apate.ai is an AI-powered scam disruption and intelligence platform that protects financial institutions, telcos, and crypto exchanges by deploying advanced conversational AI bots at scale. Apate’s fleet of voice and text bots proactively engages with scammers to disrupt their operations and gather real-time actionable intelligence, which can be used to prevent fraudulent activity and safeguard customers.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Apate.ai raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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