Reality Defender Announces Strategic Investments from BNY, Samsung Next, and Fusion Fund

Core Insights - Reality Defender has secured strategic investments from BNY, Samsung Next, and Fusion Fund to enhance its deepfake and AI-generated media detection capabilities, addressing the growing threat of deepfake-enabled fraud [1][4] - The company, founded in 2021, offers advanced detection solutions for enterprises, government, and institutional clients, protecting against various forms of deepfake impersonations [2][6] - The prevalence of deepfakes is alarming, with a deepfake attempt occurring every five minutes in 2024 and deepfakes accounting for 40% of all biometric fraud, highlighting the urgent need for Reality Defender's technology [3] Company Overview - Reality Defender specializes in securing communication channels against deepfake impersonations, enabling secure interactions in an AI-driven environment [6] - The company employs a patented multimodal approach for real-time detection of sophisticated impersonations, integrating seamlessly with existing infrastructures [6] - Reality Defender was recognized as the Most Innovative Company at the 2024 RSA Innovation Sandbox competition, underscoring its leadership in developing solutions for AI-generated threats [4] Investment Context - BNY's investment reflects its commitment to safeguarding the integrity of financial transactions amid rising risks from deepfake technology [4] - Samsung Next emphasizes the importance of real-time deepfake detection to maintain trust in digital communications as AI-generated content becomes more sophisticated [4] - Fusion Fund highlights the significant threat deepfake technology poses to institutional trust in the digital economy, supporting Reality Defender's proactive approach to detection [4][12]