On Aug 31, 2026, Apate.AI (founded in Sydney, now Delaware-incorporated) closed an A$11.4M (about US$8.15M) seed round led by Lobby Capital. Its AI agents impersonate potential scam victims to engage fraudsters directly and extract intelligence for banks and other institutions.
Why this matters for founders
Fintechs and platforms fighting fraud now have a new deception-layer vendor to evaluate; the raise also signals investor appetite for adversarial-AI security startups.
Source: Tech Startups
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