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Scamnetic receives $13 million series A funding

Scamnetic receives $13 million series A funding

April 23, 2025 Craig Etkin

Scamnetic’s patented AI scam-detection technology can easily be integrated into enterprise platforms, allowing service providers to be stewards of consumer safety TAMPA, Fla. — April 23, 2025 — Scamnetic, a company dedicated to protecting individuals…

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Socket, the market leader in software supply chain security, today announced it has acquired Coana, a top-tier static analysis and reachability engine built by leading security researchers from Aarhus University. This acquisition significantly strengthens Socket’s platform and positions Socket as the clear market leader in modern Software Composition Analysis. Coana brings powerful static control-flow and call graph analysis to Socket’s platform, allowing teams to prioritize vulnerabilities based on whether they’re actually exploitable in a given codebase. Flooding developers with endless security alerts can often subject security teams to “alert fatigue”, meaning real issues don’t get addressed, a common phenomenon with traditional vulnerability scanners. Key to managing this workload is reachability analysis, which enables security teams to prioritize vulnerabilities that need to be addressed rapidly above those which cannot be practically exploited. Coana’s revolutionary reachability analysis engine solves this problem, eliminating up to 80% of false positives — allowing Application Security teams to cut through the noise and dramatically accelerating time to remediation for the most critical vulnerabilities.

In a statement Feross Aboukhadijeh, CEO and Founder of Socket said, “For every team buried under thousands of vulnerability alerts, Coana’s reachability analysis offers a better way forward.” “They’ve built the most scalable and accurate reachability engine we’ve seen, and we’re excited to bring it into Socket to give developers precise, actionable vulnerability insights — without the noise. Joining forces with Coana turbocharges our ability to deliver actionable, noise-free security alerts. This is a big win for our customers.”

Socket is a developer-first security platform that protects your most critical apps from software supply chain attacks. Socket was built by prolific security experts whose open source software is installed over 1 billion times per month. Customers include top organizations in tech, media, manufacturing, and finance. From tiny startups to Fortune 100 enterprises, Socket safeguards over 8.5K organizations (encompassing more than 750,000 repositories) from supply chain threats. Every week, 500+ supply chain attacks are prevented using Socket.

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Rain, the employer-integrated earned wage access (EWA) and financial wellness app, announced today it has raised $75 million in Series B equity funding. The round was led by Prosus with additional participation from Nextalia Ventures, Spark Growth Ventures, and existing investors including QED, Invus Opportunities, and others. Following consistently high growth since its founding in 2019, this funding will help Rain scale its go-to-market machine and build new employee financial wellness solutions and new employer solutions.

In a statement Alex Bradford, Co-Founder and CEO said, “Rain is building the employee engagement app of the future centered around financial wellness. Rain makes it easy for employers to give their employees the freedom to access and manage their earnings on their own terms. Thanks to the support from Prosus, Nextalia and other investors participating in this round, Rain is in a strong position to scale to thousands of new employers and millions of new employees across the U.S.”

Rain is the one-stop-shop app for financial wellness and employee engagement. In addition to EWA, Rain offers other products including a deposit account and debit card, an overdraft fee avoider, a bill reducer, a tax filing tool, a financial education portal, in-app 1×1 financial coaching, an AI-powered financial wellness and job support agent, an off-cycle payments tool, and an employee rewards tool. Later this year the company is planning to launch innovative savings and credit products, and an employer messaging tool.

Source: http://go.intelligence360.io/ and https://intelligence360.news/

Infinite Reality, an innovation company powering the next generation of digital media and ecommerce through extended reality, artificial intelligence, and other immersive technologies, announced today the company has entered into a definitive agreement to acquire Touchcast, a pioneering agentic AI company for $500 million in a combination of cash and stock. The acquisition is Infinite Reality’s largest yet, and the transaction agreement values the company at $15.5 billion.

Touchcast’s powerful agentic AI platform, known as Mentorverse, generates an infinite universe of specialized AI mentors who engage in natural, face-to-face video conversations and, unlike traditional chatbots or static web experiences, combine consistent personalities with deep domain expertise to deliver genuinely helpful guidance through natural, multimodal interactions. The integration of Touchcast’s technology across Infinite Reality’s portfolio of products and services will enable iR customers to tap AI agents for a number of tasks that drive user engagement, customer support, and sales.

Touchcast, built on OpenAI and delivered on Microsoft Azure via a $50 million strategic partnership, provides a suite of groundbreaking AI delivery systems that dramatically improve response times for AI interaction. For businesses, this means the ability to deliver seamless, human-like experiences while boosting efficiency and reducing costs—a vital edge in today’s competitive digital landscape.

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