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AI startup Joonko, founded by Ilit Raz, raised $27 million through fraudulent means. Raz pleaded guilty to securities fraud in relation to the funds raised.
PRIVATESep 12, 2026•about 3 hours ago
Amount Raised
$27 Million
Round Type
Venture - Series Unknown
New YorkSoftwareArtificial IntelligenceMachine Learning
Description
Ilit Raz, the founder and former CEO of AI startup Joonko, pleaded guilty to securities fraud related to $27 million raised. She submitted forged documents to defraud investors and venture capital funds. The case has drawn attention to the company's financial practices.
Company Information
Company
Joonko
Location
New York, New York, United States
About
Joonko is an AI startup founded in 2016 that developed software aimed at promoting workplace diversity. The platform was designed to assess diversity within organizations, recommend qualified candidates for open positions, and flag potential imbalances. At its peak, Joonko employed about 50 people, primarily in Israel, and claimed to have 150 customers. However, it was later revealed that the true number of customers was significantly lower.
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New YorkSoftwareArtificial IntelligenceMachine Learning