Savi Security Launches AI Scam Protection App with $7M Funding Amid Surging Fraud
Savi Security's new AI-powered app aims to protect consumers from sophisticated voice cloning and digital scams, launching with $7 million in seed funding as AI fraud losses soar.
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Savi Security officially launched its AI-powered scam protection app for iPhone and Android today, July 7, 2026, backed by a significant $7 million in seed funding. This move comes as AI-driven fraud reaches unprecedented levels, with Americans losing $893 million to such scams in 2025 alone and projected global losses potentially reaching $40 billion by 2027.
The new application aims to shield consumers from increasingly sophisticated digital threats, particularly realistic AI voice cloning scams designed to exploit emotional ties, such as fake kidnapper ransom demands. Co-founders Patrick and Ryan Coughlin were motivated to create Savi after their own mother fell victim to a terrifying voice cloning scam that mimicked their sister's voice in distress. Savi’s technology leverages behavioral AI to screen calls, messages, and digital communications before users can engage, offering features like AI voicemail to filter unknown messages, text protection, and "Savi On-Call" for real-time scam detection during live conversations.
This launch signifies a critical escalation in the cybersecurity arms race, as AI tools have empowered scammers to generate highly convincing, personalized attacks with minimal effort, often from just seconds of audio. Deepfake voice fraud attempts have surged by over 2,100% in the last three years, and one in four Americans encountered a deepfake voice call in the past year, with a staggering 77% of those targeted reporting financial losses. Beyond the substantial financial toll, these scams inflict profound psychological damage, leading to feelings of shame, guilt, and eroded trust. Savi's entry into the market is a much-needed intervention, providing a dedicated consumer defense in an environment where digital fraud is rapidly becoming the fastest-growing crime in America. While no single app can entirely eliminate the threat, Savi offers a crucial layer of proactive protection, empowering individuals and families to navigate the perilous landscape of AI-enabled deception with greater confidence.