Memcyco is a Tel Aviv-based startup building solutions to help enterprises prevent website impersonation and “brandjacking.” The company leverages AI in its Proof of Source Authenticity (PoSA) solution to detect unusual behavior patterns and enable businesses to identify imitation websites in real time, also alerting consumers when they enter a possible imitation domain.
Funding and financials
Memcyco raised USD 10 million in a seed funding round led by Capri Ventures and Venture Guides in May 2023. The funding would reportedly be used to develop the firm’s proprietary technology and to expand operations.
Key competitors: None comparable (Memcyco is the only disruptor specializing in brand and website protection)
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