We’re thrilled to announce that Pear has led the $4.1M seed round for Socratix AI, a company building autonomous AI coworkers for fraud and risk teams.
From the start, co-founders Riya Jagetia and Satya Vasanth Reddy impressed us with their rare combination of deep technical expertise and hard-won insight into how fraud and risk teams really work.
We could not be more excited to partner with them as they tackle one of the biggest unsolved problems in fintech: automating fraud investigations with explainable, auditable AI.
How we met
Our team at Pear first met Riya when she joined our Female Founders Circle Spring 2025 cohort. We were immediately impressed by her natural leadership, confidence, and charisma—qualities that stood out even among an exceptional cohort of founders.
Shortly after I joined Pear in August, I had the chance to meet Riya and Satya myself. From our earliest conversions, they spoke about fraud operations with the kind of clarity that only comes from experience.
Riya had seen firsthand how current fraud platforms struggle to balance accuracy, speed, and transparency from her time at DoorDash and Unit21. Satya brought deep AI and autonomy experience from Cruise and Helm AI. Together, they had both the earned secrets and technical depth to reimagine how fraud and risk work gets done.
Why we invested
Fraud investigations today are manual, slow, and expensive. Enterprises either build large analyst teams or outsource to BPO services—both costly and inconsistent approaches—or rely on legacy platforms that lead to data lock-in, black-box decisions, and limited explainability.
Socratix takes a fundamentally different approach. Their AI coworkers learn from historical alerts and analyst decisions to continuously improve accuracy and judgment without requiring data migration or workflow disruption. Each decision is explainable and auditable, enabling trust from both risk teams and regulators.
At Pear, we look for early signals that a company can build a category-defining platform, and Socratix has them all: a massive, urgent problem in a growing market, differentiated technical approach built on explainability and seamless integration, early traction that validates demand and ROI, and a world-class team with the insight, speed, and storytelling ability to win customers and talent alike.
Their early results speak for themselves:
- One customer deployed in just 3 days and reported 100% accuracy
- A fintech company decreased their customer response time from hours to minutes
- For every $1 spent, customers see $3 in value from Socratix
What’s next for Socratix AI
While fraud is the initial wedge, the broader opportunity for Socratix is much larger. The same agentic foundation that powers Socratix’s fraud investigations can extend into other workflows where decisions require speed, transparency, and reliability.
Riya, Satya, and team are now focused on building their early technical teams to meet growing customer demand. We’re so proud to back them as they help define the next era of agentic software in financial services.