Verisoul, an Austin-based fraud detection platform, has closed an $8.8 million Series A funding round led by High Alpha. The investment included participation from Lookout Ventures, Bitkraft, Bain Future Back Ventures, and Third Prime, both new and existing backers.

The company has grown rapidly since its $3.25 million seed round two years ago. Starting from zero customers at commercialization, Verisoul now serves over 100 clients and achieved more than 6x year-over-year ARR growth. This performance earned the company recognition as “Emerging Startup of the Year” at the 2024 Austin A-List Awards.

AI-Driven Fraud Creates Urgent Market Need

Verisoul’s growth reflects a broader shift in online security threats. Intelligent fraud attacks have jumped by over 250% year over year as bad actors deploy autonomous agents capable of mimicking human behavior and bypassing traditional defenses like CAPTCHAs. The proliferation of AI-generated users, content, and identities has made verification increasingly complex for digital businesses.

“Fake users are overwhelming the internet, and AI is making the problem exponentially worse for virtually every digital business. We started Verisoul to stop fraud at every moment throughout the user journey — empowering companies of all sizes and in all industries to ensure users are real, unique, and trusted.”

Henry LeGard, co-founder and CEO of Verisoul

A Comprehensive Approach to User Verification

Most fraud prevention tools focus on single touchpoints. Verisoul takes a different approach by monitoring the entire user lifecycle, from initial interaction through conversion and beyond.

The platform combines real-time analysis of behavioral patterns, device characteristics, and network forensics with identity verification signals such as email intelligence and ID checks. This multi-layered approach creates detailed, high-fidelity profiles for every user. Rather than relying on passive data collection, Verisoul uses spoof-resistant forensics evaluated through proprietary AI models and customer-specific rules. Each user, account, and transaction receives a clear label: “Real,” “Suspicious,” or “Fake.”

This precision has proven effective in competitive evaluations. Verisoul wins more than 80% of head-to-head technical tests against incumbent solutions. The platform currently protects customers across 12 industries, including advertising, market research, payments, and financial services.

Real-World Impact for High-Growth Companies

Clay, a data enrichment platform experiencing rapid growth, represents the type of customer benefiting from Verisoul’s technology.

“As our company grows, securing our user base against sophisticated fake accounts, data scraping, and payment fraud is non-negotiable. Verisoul has given us confidence in the quality of our signups and made a huge impact on our ability to track data credits and AI tokens. It’s a critical part of our fraud strategy as we scale.”

Yash Tekriwal, GTM Engineer at Clay

Other notable clients include Augment Code and Morning Consult, which collectively face hundreds of millions of AI-driven attacks.

Experienced Team with Deep Fraud-Fighting Background

The founding team brings extensive experience from major financial services and technology companies. CEO Henry LeGard previously served as TransUnion’s youngest Director at the leading identity and fraud prevention provider. Co-founder and CPO Raine Scott led fraud and risk teams at Ahead Financial and Meta. Co-founder and CTO Niel Katkar worked on identity infrastructure at Capital One.

This combination of expertise in identity verification, risk management, and technical implementation has shaped Verisoul’s product philosophy and execution.

Investment to Fuel Expansion and Product Development

“In a world where fraud is costing companies billions and AI is weaponizing bad actors, Verisoul is building the next generation of digital trust. Verisoul’s growth trajectory is rare, driven by Henry’s vision, his exceptional team, and the technically superior solution they’ve developed. Verisoul’s platform doesn’t just block fake users — it is uniquely positioned to be the single source of truth for user integrity at high-growth companies.”

Scott Dorsey, co-founder and managing partner at High Alpha

The Series A capital will support several growth initiatives. Verisoul plans to significantly expand its team, accelerate product development, and scale go-to-market operations. These investments will help the company address the rising sophistication of AI-enabled fraud across its expanding customer base.

Origianl Creator: Ekaterina Pisareva
Original Link: https://justainews.com/companies/funding-news/verisoul-closes-8-8m-round-to-combat-fake-users/
Originally Posted: Wed, 17 Dec 2025 14:28:16 +0000