Innerworks
Overview
Innerworks is a cybersecurity startup based in Canterbury, United Kingdom, founded in 2020 by Oliver Quie, Oscar Hayek, and Tom Ryan. Specializing in developing advanced user intelligence technology, the company aims to enhance platform security by detecting and blocking fraudulent activities in real-time. Since its inception, Innerworks has raised approximately $4.59 million in funding, boasting notable investors like AlbionVC and Crypto.com.
Recent Developments
- August 2025: Innerworks secured a $3.96 million seed funding round to expand its AI-powered fraud detection platform. This round was led by AlbionVC and involved participants like Digital Currency Group and Firestreak Ventures. The funds are intended to enhance the platform’s capabilities and strengthen its adversarial AI training.
- June 2025: Co-founder and CTO Oscar Hayek highlighted in a publication the emerging threats posed by macro recorders in the Web3 ecosystem. He emphasized Innerworks’ role in addressing these threats through advanced detection strategies.
- November 2024: Innerworks received a grant to augment its RedTeam crypto-bounty programme, which recruits ethical hackers to test and improve system defenses. This program continues to be a cornerstone of the company’s strategy to counter AI-driven fraud.
- July 2023: Innerworks completed a seed round raising $324K to further develop its Synthetic Threat Intelligence system, which has shown significant promise in counteracting AI-generated fraud attempts with a 97% detection accuracy.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2020 |
| Headquarters | Canterbury, United Kingdom |
| Founders | Oliver Quie, Oscar Hayek, Tom Ryan |
| Revenue | Not disclosed |
| Profits | Not disclosed |
| Key Investors | AlbionVC, Crypto.com |
| Industry | Cybersecurity, Network Management Software |
| Number of Employees | 9 |
Early History
Innerworks began its journey in 2020, amidst the rising concerns around digital security and AI-driven threats. Founded by Oliver Quie, Oscar Hayek, and Tom Ryan, the company quickly positioned itself as a leader in cybersecurity. Leveraging Synthetic Threat Intelligence, Innerworks developed solutions capable of distinguishing between human activities and AI imitations. These foundational technologies targeted real-world problems like cryptocurrency fraud and deepfake attacks—issues that were escalating at a significant pace during its formative years.
Company Profile and Achievements
Innerworks operates on a cutting-edge business model centered around AI-driven fraud detection. Highlights of their achievements include:
- Synthetic Threat Intelligence Platform: A unique offering that distinguishes AI-generated activities from legitimate ones with a staggering 97% accuracy.
- RedTeam Programme: An innovative, crypto-bounty programme inviting ethical hackers globally to stress-test and expose system vulnerabilities, crucial for evolving Innerworks' defenses.
- Notable Partnerships: The company has worked with major digital asset platforms and payment networks, proving its capability in high-stakes scenarios, including thwarting a hack orchestrated by North Korean operatives.
- International Recognition: Innerworks' groundbreaking technology has attracted significant attention and partnerships from top-tier financial institutions, aligning with organizations aiming to safeguard internet ecosystems worldwide.
Current Operations and Market Position
Innerworks continues to dedicate its efforts to enhancing cybersecurity through its Synthetic Threat Intelligence platform. The company serves major clients in the fintech, digital assets, and payment services sectors, leveraging its high detection accuracy to protect vast user ecosystems—critical as AI-based cyber threats grow more sophisticated. In recent strategic initiatives, Innerworks has prioritized integrating its technology into mainstream applications with minimal code disruptions, a feature greatly valued by its clientele. Positioned favorably within the industry, Innerworks maintains a competitive edge by consistently innovating to tackle emergent digital threats.
Conclusion
Innerworks stands out in the cybersecurity field for its pioneering approach to AI-driven fraud detection. With its advanced technologies and strategic programs like RedTeam, the company has set itself up to become an integral part of the internet’s security infrastructure. As Innerworks continues to push the boundaries of defensive cybersecurity measures, its contributions are likely to remain pivotal in combating ever-evolving digital threats both now and in the future.