Savi Security Launches $8-a-Month AI Scam App After Raising $7 Million
Updated
Updated · TechCrunch · Jul 7
Savi Security Launches $8-a-Month AI Scam App After Raising $7 Million
2 articles · Updated · TechCrunch · Jul 7
Summary
$8 a month buys Savi Security’s new iPhone and Android app, launched Tuesday to screen texts, voicemails and incoming calls for scams, with one family plan covering unlimited users.
Live call monitoring is its standout feature: users can add Savi as a listener during suspicious calls, where its AI looks for behavioral cues that a scam is unfolding in real time.
$7 million in seed funding led by Acrew Capital backs the launch after the founders tested their model through Scam Wise, a free site that has processed 50,000 submissions and adds about 10,000 weekly.
A fake kidnapping call targeting the founders’ mother sparked the startup, and the pitch taps a broader surge in AI-enabled fraud: FTC-reported losses from imposter scams hit $3.5 billion in 2025, triple 2020 levels.
To stop AI scammers, must we let another AI listen to our most private phone calls?
With AI scams rising, will big tech make protection free, rendering new paid apps obsolete?
Savi Security Launches AI-Powered App to Protect Families from $40 Billion Digital Scam Threat
Overview
On July 7, 2026, Savi Security launched its AI-powered app for iOS and Android, marking a major step in digital protection for families. Founded by Patrick and Ryan Coughlin, who have strong backgrounds in cyber defense and AI product development, the company addresses the urgent rise of sophisticated online scams driven by artificial intelligence. While governments and large enterprises have invested heavily in cyber defenses, individual consumers have been left behind. Savi Security aims to close this gap by offering advanced, real-time protection at a critical moment as digital threats rapidly evolve.