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Savi’s app aims to protect consumers from realistic AI scams like kidnappers demanding ransom
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Brothers Patrick and Ryan Coughlin, each with impressive careers in the tech industry (Patrick worked in national cyber defense, and at Splunk and Cisco; and Ryan with consumer products at Apple and Spotify), have launched a new kind of security startup.
Key facts
- The FTC said last month that people reporting online crimes collectively lost $3.5 billion to imposter scams in 2025, triple the amount in 2020
- It charges $8/month, discounted to $63/year, to cover an entire family, and puts no cap on the number of users — He was senior vice president of security products at Cisco at the time. (He landed there after Splunk bought his cloud security startup TruSTAR for a reported $82 million in May 2021
- The company raised $7 million in seed funding, and is launching its app for iPhone and Android on Tuesday
Summary
Savi Security seeks to protect everyday folks from the new crop of incredibly convincing AI-generated scams, whether they’re routed via text, emails, or phone calls. The company raised $7 million in seed funding, and is launching its app for iPhone and Android on Tuesday. The inspiration for the company came from a horrifying incident involving the founders’ mother. About two years ago, Patrick Coughlin’s mom called him, distraught, saying she had received a phone call from a man saying he had kidnapped Coughlin’s sister.