AI is transforming every corner of the digital economy, but not always for the better. Over the past two years, we’ve watched AI unlock extraordinary new capabilities for builders and businesses. At the same time, it has radically lowered the barrier for fraudsters to automate sophisticated attacks, create realistic synthetic identities, and overwhelm the systems meant to protect digital platforms.
This shift is not theoretical. It’s happening now, across every category: PLG SaaS, advertising, market research, gaming, marketplaces, social platforms, and developer tools. Fraud is no longer a niche financial services problem. It’s become an operational and economic threat for nearly every company with users, data, or AI resources to protect.
Today, we’re thrilled to share that High Alpha is leading Verisoul’s $8.8 million Series A, with participation from Lookout Ventures, Bitkraft Ventures, and Future Back Ventures by Bain & Company. Led by an incredibly thoughtful and ambitious team, Verisoul is helping companies of all sizes fight fraud in the AI era.
Here’s why we couldn’t be more excited to invest in Verisoul.
The Rising AI Fraud Crisis
As AI advances, so do attackers. Fraud rings are using LLMs to generate convincing synthetic identities, automate conversations, and mimic legitimate user behavior. Bots are scraping proprietary data. Scripted agents are burning through AI credits and tokens. And fraudsters can now spin up thousands of accounts in minutes — at a cost of near-zero.
The scale and sophistication of these attacks overwhelm traditional fraud tools, many of which rely on deterministic signals like IPs, device hashes, or outdated rules engines. In a world where any attacker can cloak their location, manipulate device fingerprints, or emulate a human with AI, yesterday’s defenses simply don’t work.
In the past year alone, we’ve seen:
- Massive surges in fake account creation, as attackers use AI to generate more realistic identities and automate signup attempts.
- Scraping attacks targeting AI companies, as fraudsters siphon model outputs and proprietary data.
- AI token abuse, where malicious users spin up dozens or hundreds of accounts to exploit free credits.
- Manipulation of surveys, market research, and ad networks, where AI-generated personas impersonate skilled professionals or large audiences.
- Evasion of device and IP-based systems, using proxies, VPNs, virtual machines, and manipulated signals.
The pattern is clear: modern fraud is broader, faster, and far more sophisticated than what legacy tools were designed to handle. Solving it requires a fundamentally different approach.
Introducing Verisoul – Real-Time, Unified Intelligence for Every User Session
Instead of relying on deterministic checks like IP addresses or device fingerprints — signals that attackers can now spoof in seconds — Verisoul rebuilds the fraud stack from the ground up, combining deep behavioral, network, device, and identity intelligence into a single real-time engine.
When a user lands on a customer’s site or app, Verisoul immediately analyzes:
- Device integrity (real hardware vs. virtual machines or emulators)
- Browser and OS behavior
- Network patterns that can pierce VPNs and proxies
- Typing, clicking, motion, and interaction behavior to distinguish humans from bots
- Email and phone intelligence, including AI-driven identity validation
- Longitudinal account history, connecting activity across sessions and accounts
Verisoul collects dramatically richer raw signals — 100 to 1,000x more than traditional tools — giving its models far greater context and improving accuracy with each customer added. These signals feed Verisoul’s proprietary models to answer the three questions every company cares about:
- Is this user human or a bot/AI?
- Is this user unique, or controlling multiple identities?
- Is this user trustworthy (real location, real device, real identity)?
This holistic approach allows Verisoul to catch 70–100% more fraud than legacy tools, while simultaneously reducing false positives by 10–30% in customer head-to-head tests. As a result, customers consistently choose Verisoul over legacy incumbents and well-funded point solutions.
A Winning Team & Culture
This kind of technical depth doesn’t happen by accident – it comes from a team with rare insight, execution velocity, and a deep personal commitment to solving this problem. And getting to know the people behind Verisoul only reinforced our conviction.
There is an unmistakable ambition in how the Verisoul team approaches this problem – a mix of curiosity, competitiveness, and first-principles creativity. They think boldly, operate with urgency, and tackle challenges that have stumped incumbents for years, driven by a belief they can build something truly category-defining.
For all that drive, the team is remarkably grounded and collaborative. From time spent in their Austin office to hosting them in Indianapolis, we saw firsthand the chemistry, humility, and cultural alignment that make them such strong partners.
That personal chemistry is matched by the depth of experience each founder brings. Henry, Niel, and Raine have all worked on this problem from a different angle – enterprise data, consumer fintech, and large-scale identity risk – and together they’ve created a platform that reflects that multi-disciplinary expertise.
- CEO Henry LeGard spent years inside the identity and fraud ecosystem at Neustar and TransUnion, where he helped shape core fraud products and led strategic work on a $3B+ acquisition. This experience gave him a unique, first-hand understanding of where legacy systems break down – and a vision for the unified, real-time intelligence layer that needed to exist.
- CTO Niel Ketkar previously engineered identity, authentication, and AI risk systems at Capital One, developing the types of data pipelines and security models that underpin Verisoul’s core architecture.
- CPO Raine Scott brings deep product and risk experience from Ahead Financial and Meta’s user integrity team, where he worked on detecting abuse across some of the world’s hardest-to-protect platforms.
Together, they bring a rare combination of technical depth, industry insight, and cultural alignment – the kind of team uniquely positioned to lead this category.
Why We’re Investing
At High Alpha, we back founders and companies reshaping how the enterprise operates, especially when macro shifts create urgent new needs.
Our conviction in Verisoul is driven by a strong belief in their mission, their team, and a clear strategic alignment with the market's most urgent needs:
- A Shared Urgency to Serve: The problem isn't just accelerating – it's crushing operational budgets in industries that have never had the right defenses. We see Verisoul as the partner of choice for companies suddenly facing this unprecedented threat.
- Technical Superiority Built on Deep Insight: Verisoul is not just an incremental improvement; it is a foundational redesign for the AI era. The team's unique perspective allowed them to build a technically superior platform that consistently outperforms legacy tools in head-to-head tests.
- Exceptional Founders Driving Real Impact: We are backing Henry, Niel, and Raine because they possess the multi-disciplinary expertise, integrity, and execution velocity required to lead this market shift. They’ve achieved remarkable traction with a lean team, delivering advanced capabilities in months that others struggled to deliver in years.
- Customer Trust and Partnership: Verisoul is already protecting 100+ customers across 12 industries including AI, PLG SaaS, market research, advertising, and payments. Across our conversations with those customers, the same sentiment emerged again and again: Verisoul is a true partner. Clients highlighted the team’s responsiveness, technical depth, and ability to iterate. Their respect for both the product and the people behind it was clear.
Looking Ahead
We couldn’t be more excited to partner with Henry, Niel, Raine, and the entire Verisoul team as they build the defense layer for the next era of the internet. This raise enables Verisoul to grow its team, advance its product roadmap, and broaden its go-to-market motion as demand for AI-era fraud defense accelerates.
If you’re interested in joining the team in Austin, you can explore open roles at verisoul.ai/careers.
If you’re a founder building in security, identity, or AI infrastructure, we’d love to meet you.
And if you’re a company facing a surge in fake users, bots, or AI-driven abuse — Verisoul is ready to help.
