As artificial intelligence makes it easier than ever to create fake identities and deepfake content, a new startup is building tools designed to verify that users online are actually human.
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VeryAI announced it has raised $10 million in seed funding led by Polychain Capital, with additional participation from the Berggruen Institute and Anagram. The funding coincides with the launch of the company’s first product: a hardware-free palm-scan identity verification system built to combat AI-driven fraud.
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A New Approach to Identity Verification
Traditional authentication systems — including facial recognition, CAPTCHAs, and two-factor codes — are increasingly struggling to keep up with advances in AI-generated content. According to industry data cited by VeryAI, system compromise times have increased by 22% since 2023, with successful breaches now occurring in an average of 48 minutes.
VeryAI’s solution focuses on palm biometrics, a form of identification that is highly unique and rarely publicly exposed. Using only a smartphone camera, the system captures a palm scan without requiring any specialized hardware.
The company says its technology achieves a false acceptance rate of roughly 1 in 10 million when verifying one hand, compared with about 1 in 1 million for many facial recognition systems. When both hands are scanned, the rate drops to approximately 1 in 100 trillion.