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Socratix AI raised $4.1M to build AI tools that cut bank fraud investigations from hours to minutes.
Socratix AI, a San Francisco startup, raised $4.1 million in seed funding to develop AI tools for fraud and risk teams in banks and fintechs.
The company aims to automate complex investigations, cutting review times from hours to minutes.
Founded by fraud and AI experts Riya Jagetia and Satya Vasanth Reddy Tumati, its AI agents unify data and deliver explainable insights.
Early users report major efficiency gains, including slashing credit card reactivation time from five hours to minutes.
The funds will support hiring, product growth, and expanding efforts to combat rising AI-driven financial threats.
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Socratix AI recaudó $4.1M para construir herramientas de IA que reducen las investigaciones de fraude bancario de horas a minutos.