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Israeli startup Charm Security secures 8 million dollars to combat AI scams
Israeli cybersecurity startup Charm Security has secured $8 million in seed funding, led by Team8, as it emerges from stealth mode. Founded by CEO Roy Zur and CTO Avichai Ben, the company aims to combat AI-driven financial scams by analyzing human vulnerability patterns in real time. With AI-generated scams causing over $1 trillion in losses in 2023, the funding will support team expansion, product development, and partnerships to enhance fraud prevention efforts.
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