Memcyco Gets $37M to Fight AI-Powered Impersonation Attacks

AI Summary

Memcyco raised $37 million for its AI-powered scam detection platform; plans to expand sales and develop new features.

Texas Relevance

The article does not mention Texas, TCUD, or any Texas-specific entities. It focuses on a national cybersecurity issue.

Original Content

Digital Risk Protection Startup to Expand Preemptive Scam Detection Tools With brand impersonation and account takeover attacks surging, Memcyco raised $37 million in Series A funding to scale its preemptive scam detection platform. The firm plans to grow its sales team, develop AI-based features and support new product launches in the coming year.