Innerworks secures $4m seed round to combat AI-driven financial fraud
Posted
Innerworks, pioneers of Synthetic Threat Intelligence, has announced the completion of a $4 million seed funding round to scale their platform approach to delivering the world’s most effective immune system for the internet, led by us at AlbionVC. Digital Currency Group, Founders Capital, Firestreak Ventures (Walter Kortschak), NVTBL Ventures and Metaversal Ventures also participated in the round. Other top investors include Crypto.com (Cronos) and senior executives from Citi, UBS, Coinbase, Checkout.com and Apple.
Founded by Oliver Quie, Oscar Hayek and Tom Ryan, Innerworks has developed breakthrough technology to detect and stop sophisticated AI-powered fraud that bypasses traditional systems—achieving a 97% detection rate, ahead of multibillion-dollar incumbents. Their platform is already protecting major payments networks, digital asset firms, and critical infrastructure.
With AI-driven deception and deepfake fraud attempts surging, Innerworks is building the internet’s immune system—helping financial institutions and online platforms distinguish real human behaviour from synthetic attacks.
“We’re facing AI-powered deception that can mimic legitimate users with frightening accuracy. Existing security companies have become obsolete because they assume threats will behave differently than legitimate users. Our platform solves this problem using Synthetic Threat Intelligence and decentralised training to defend against even the most sophisticated AI-based attacks. Having now proven our approach alongside global brands, we feel Innerworks is well positioned to become core security infrastructure for the wider internet helping to protect user ecosystems online.” said Oliver Quie, CEO of Innerworks
Innerworks plans to use the funding to accelerate product development, expand the RedTeam ecosystem, and scale its presence across global financial centres. Key priorities include expanding the platform’s adversarial training capabilities and building strategic partnerships with tier-one financial institutions that are taking an active approach to combat synthetic threats.
“We invested in Innerworks because they’re not incrementally improving fraud detection, they’re fundamentally reimagining it. Their ability to detect what other systems misrepresents; an essential new security layer for the financial sector’s response to this new threat“
Cat McDonald, Partner, AlbionVC
More on Silicon Canals here.
Related content
European AI predictions for 2026 | Sifted
In Sifted’s latest 2026 AI Predictions, AlbionVC Investment Director, Sebastian Hunte, and Stanhope AI CEO, Rosalyn Moran, shared their outlook on why the AI landscape is entering a new phase.
The roles startups will need to hire the most in 2026 | Sifted
AlbionVC Partner, Jane Elizabeth Reddin shared her insights with Sifted on the roles startups need to hire most in 2026.
The UK government has recruited tech leaders to help steer the country’s AI strategy | David Grimm in Sifted
AlbionVC Partner David Grimm shares with Sifted how the government’s commitment to act as a first customer for UK compute startups would be a game-changer for the UK’s hardware startup ecosystem
