Savi’s feature set includes automatic filtering of spam and scam text messages, voicemail screening that identifies callers and flags suspected scam attempts, and a live call monitoring tool that users can add to an active conversation. During calls, the app uses behavioral AI to detect patterns associated with fraud and alerts users if it identifies potential risks. The company also said a proactive call screening feature that screens unknown callers before users answer is planned for fall 2026.
The app also includes Scam Checker, which allows users to submit suspicious messages, emails, or images for analysis and guidance. Savi said its subscription plan covers an entire household, including parents, partners, children, and other dependents, without limiting the number of family members.
“For decades, governments and enterprises have been the target of choice for hackers and cybercriminals,” said Patrick Coughlin, co-founder and CEO of Savi. “With AI, bad actors are targeting consumers with new levels of sophistication and scale. We’re building Savi because consumers and families deserve more innovation and digital protection that works proactively, before the damage is done.”
Earlier this year, the company introduced Scamwise, a free tool that evaluates whether messages, calls, or emails are likely to be fraudulent. Savi said Scamwise has processed nearly 100,000 submissions since its launch, with more than half identified as scams, including fake eCommerce websites, government impersonation attempts, and banking and financial scams. The company said the tool will remain free and continue helping identify emerging scam trends.
“AI has industrialized the scam economy. Families are being targeted with a level of sophistication that used to be reserved for nation-state attacks,” said Erin West, former Santa Clara County Deputy District Attorney and Founder of Operation Shamrock. “By the time these cases reach my former colleagues, the money is all too often already gone. Savi is building the kind of protection every family needs.”
To support its expansion, Savi Security raised $7 million in seed funding led by Acrew Capital, with participation from Magnify Ventures, TTCER, and Resolute Ventures.
“Governments and enterprises are investing in cyber defense, but consumers have missed out on innovation,” said Lauren Kolodny, partner at Acrew Capital. “We all need a new generation of protections for today’s AI-powered threats. Savi has the mission, vision and technical depth the problem demands.”
Savi Security was founded by brothers Patrick and Ryan Coughlin after their mother nearly became the target of a voice-clone scam. The company said that experience led them to combine their backgrounds in cybersecurity and AI product development to build tools focused on protecting consumers from increasingly sophisticated digital fraud. The Savi app is now available for iOS and Android through the App Store and Google Play.
This analysis is based on reporting from Yahoo Finance.
Image courtesy of Globe Newswire.
This article was generated with AI assistance and reviewed for accuracy and quality.
