Savi Security Raises $7 Million in Seed Funding
Savi Security, a Los Angeles-based company dedicated to safeguarding families from AI-powered scams through their app, has successfully raised $7 million in a seed funding round. The funding round, announced on July 8, 2026, was led by Acrew Capital, with participation from Magnify Ventures, TTCER, and Resolute Ventures.
Company Background
Founded by Patrick Coughlin and Ryan Coughlin, Savi Security offers an innovative app designed to protect users from scams that exploit artificial intelligence. Available on both iOS and Android platforms, the app provides real-time protection against fraudulent calls and texts, ensuring families can stay safe around the clock.
Leadership Insight
CEO Patrick Coughlin commented on the funding round, highlighting the growing need for robust protection against sophisticated scams: "As AI technology advances, so do the tactics of scammers. Our app is designed to stay ahead of these threats and provide peace of mind for families."
Investors and Their Role
Acrew Capital, leading the investment, is joined by Magnify Ventures, TTCER, and Resolute Ventures. These investors bring not only financial backing but also strategic guidance to help Savi Security scale its operations and enhance its product offerings.
Planned Use of Funds
The newly acquired funds are set to be used for product development and expanding the company's reach. Savi Security plans to enhance its app's capabilities, ensuring it can effectively counter the evolving landscape of AI-driven scams. Additionally, the company aims to grow its team by hiring experts in cybersecurity and AI to bolster its technological infrastructure.
Conclusion
With this investment, Savi Security is well-positioned to advance its mission of providing comprehensive protection against AI-powered scams. As digital threats continue to evolve, the company’s efforts to stay ahead of the curve are crucial for ensuring user safety and trust.