Deduce nets $9M investment to scale synthetic identity fraud prevention service

Investors have been betting heavily on generative AI, so it should come as no surprise that big money is also flowing into the project of preventing its misuse to build synthetic identities. U.S. anti-fraud firm Deduce has announced $9 million in Series B funding, led by Freestyle Capital and supported by Foundry and True Ventures.

The significant investment will allow Deduce to move its AI digital identity fraud prevention product out of stealth and into the hands of businesses in …

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