Savi Security, founded by brothers Patrick and Ryan Coughlin, launches an iPhone and Android app that screens texts, voicemails, and incoming calls for AI-enabled scams. The company raises $7 million in seed funding led by Acrew Capital, with Magnify Ventures, TTCER, and Resolute Ventures participating. Its live-call feature lets users add an agent to suspicious conversations for real-time monitoring, and its family plan costs $8 monthly or $63 annually with no user limit.
Acrew Capital raises $700 million in fresh funds to invest in companies building in data and security, healthcare, and fintech. The San Francisco-based firm’s assets under management reach $1.7 billion; its early-stage strategy invests $1 million to $15 million in seed and Series A companies, while its discovery strategy invests $10 million to $20 million in Series B and Series C companies. Its exits include Divvy, sold to BILL for $2.5 billion, and Superpeer, acquired by Skillshare.
