Home/Events/Apate.ai Deploys AI Agents to Gather Fraud Intelligence by Undercover Scam Engagement

Apate.ai Deploys AI Agents to Gather Fraud Intelligence by Undercover Scam Engagement

Emerging
Confidence
80%
Impact: 70%
Updated 5m ago

Consensus Brief

Apate.ai, an Australian startup founded in 2024, utilizes AI agents to engage with scammers in order to gather intelligence on fraudulent activities. The company has reported that its agents have wasted 17 years of scammers' time across 2.5 million conversations, providing valuable insights to its customers, including banks and telecom companies, to enhance their anti-fraud measures.

Sourced from
Primary: TechCrunch

What Changed Since Last Update

5m ago

New corroborating source added: TechCrunch published an update on Wed, 14 Oc ("Apate sends AI agents undercover to get scammed so they can gather fraud intelligence").

Claim Ledger

4 claims tracked across sources

Confirmed Fact

Apate's fleet of agents has wasted 17 years of scammers’ time across 2.5 million conversations.

Confirmed Fact

TPG Telecom has diverted nearly 590,000 calls to Apate’s agents.

Confirmed Fact

Commonwealth Bank of Australia has seen a 76% drop in publicly reported scam losses.

Confirmed Fact

Apate raised $8.15 million in seed funding in August 2023.

Role-Based Impact Analysis