Brothers Patrick and Ryan Coughlin have launched Savi Security, a startup aimed at protecting consumers from AI-generated scams. The company has raised $7 million in seed funding and is launching its app for iPhone and Android.
The idea for the company came from a personal experience where Patrick Coughlin's mom was targeted by a scammer who spoofed his sister's number and voice, demanding a ransom. Fortunately, the mom discovered it was a scam, but the incident highlighted the need for a solution to protect consumers from such attacks.
Savi's app can screen texts, voicemails, and incoming calls for scams, and also offers live call monitoring, allowing users to add the app's live agent as a listener during suspicious phone conversations. The app charges $8/month or $63/year to cover an entire family, with no cap on the number of users.
