Summary:
Doppel has raised $35 million to combat cybercrime with AI agents.
The startup processes 100 million alerts daily with 90% accuracy.
They have tripled their revenue year over year and serve 180 enterprise customers.
Doppel's threat graph helps track malicious activities effectively.
They successfully reduced attacks for clients like Notion.
Doppel, a three-year-old startup co-founded by CEO Kevin Tian and CTO Rahul Madduluri, is revolutionizing the fight against cybercrime with AI agents designed to automatically identify and eliminate fake profiles and malicious advertisements. Recently, they secured $35 million in funding, bringing their total valuation to $205 million.
AI Against AI
For Kevin Tian, the answer to tackling AI-powered fraud is simple: use AI to combat AI. Founded in 2022, Doppel's mission is to empower businesses to defend against increasingly sophisticated cyber threats. Their AI agents monitor the internet, dark web, and social media, flagging fraudulent activities such as impersonator accounts and malicious ads on platforms like Google, Instagram, and YouTube.
Daily Operations
Doppel’s AI systems process 100 million alerts each day, achieving around 90% accuracy in differentiating real threats from benign activities. As Tian puts it, “If threat actors can use AI to spin up these attacks for just a few cents on the dollar, we’ve got to make sure that we can also handle that volume on our side.”
Funding Milestone
The recent funding round, led by Bessemer Venture Partners, is a significant milestone for Doppel, which initially focused on NFT-related fraud before expanding to other industries in 2023. They’ve attracted around 180 enterprise customers, including major names like United Airlines, OpenAI, and Coinbase, and have tripled their revenue year over year.
Automated Threat Detection
Previously, Doppel relied on contractors to sift through potential threats, but in 2024, they adopted OpenAI’s new models to automate 30% of their security operations. This transition has allowed them to identify more threats than human teams could manage, streamlining their processes significantly.
Success Stories
Doppel’s effectiveness is showcased through its partnership with Notion, which faced numerous attacks, including impersonations of CEO Ivan Zhao. With Doppel's help, Notion saw a substantial decrease in attacks, becoming a more fortified target against cyber threats.
The Threat Graph
Doppel’s unique advantage lies in its “threat graph,” which maps out relationships between various social engineering campaigns, enabling better tracking of malicious activities. This innovation helps businesses shut down entire infrastructures of threats rather than just addressing symptoms.
Doppel is at the forefront of the battle against AI-enabled social engineering, tackling challenges that extend beyond traditional phishing to include sophisticated impersonation tactics. As Tian emphasizes, they aim to provide a comprehensive solution to one of the most pressing issues of our time: AI-enabled deception.
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