Savi Security raises $7 million and launches an anti-scam app

In short: Savi Security raised $7 million in seed funding and is launching a paid iPhone and Android app to help people spot AI-powered scams.

What happened

Savi Security, founded by brothers Patrick and Ryan Coughlin, announced $7 million in seed funding and said its consumer app launches Tuesday. The funding round was led by Acrew Capital, with Magnify Ventures, TTCER, and Resolute Ventures also participating.

The company says it is focused on scams that use AI, meaning software that can create realistic text and voices. One example described by the founders was a fake kidnapping call that appeared to come from a family member’s phone number and even sounded like her voice.

Savi previously tested its approach with a free site called Scam Wise. People can upload suspicious texts, photos, or emails, and the site gives an opinion on whether they look fake. The company said it has received about 50,000 submissions so far, and is adding around 10,000 more each week.

The new paid app costs $8 per month, or $63 per year, and it is meant to cover an entire family with no stated limit on users. Savi says it can screen texts, voicemails, and incoming calls. It also offers live call monitoring, where a user can add Savi as a listener during a call, like bringing a cautious friend onto speakerphone to help you judge what is happening.

Why it matters

Scams that used to take a lot of work are getting easier and cheaper to run because AI can copy voices and write convincing messages. The FTC reported that people lost $3.5 billion to imposter scams in 2025, so tools that help families double-check suspicious messages may become more common.

Source: TechCrunch AI