Karine Mellata, co-founder and CEO of Variance, shares how Variance's AI agents identified coordinated state-sponsored disinformation and fraud campaigns for a politically exposed Fortune 500 customer.
“And throughout the elections, because our AI agents had access to the context of entities in relation to other entities, so How does this user fit into all of the other users that we're looking at? We were able to detect really complex fraud rings of especially state sponsored actors that were pushing one narrative over, and I don't think this would have been possible if you had one classifier in isolation that was looking at one piece of content after the other.”
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More from Karine Malata
Insight
Mellata: AI Agents Eliminate the Need for Specialized Fraud Classifiers
“You don't need a classifier anymore because AI agents are able to read a set of standard operating procedure and reason over an image or reason over sort of unstructured data and know that this is possibly chargeback fraud. You don't need a specialized classif…”
Karine MalataMar 31, 2026▶ 13:42This Startup Catches Fraud at Scale · Y Combinator
AssertionNot checkable as stated
Mellata: Variance's non-technical CSM ships features autonomously with Cursor
“Our customer success manager, who's entirely non-technical, but interfaces with enterprise customers on a day-to-day basis, now gets to take on feature requests, especially the simple ones, directly give them to Cursor, a Cursor agent, and then directly be abl…”
Karine MalataMar 31, 2026▶ 19:41This Startup Catches Fraud at Scale · Y Combinator
Opinion
Mellata: Variance's five engineers output software equivalent to 25 people
“I would say we're five, but I think in terms of software output, we're probably closer to a 25 people team.”
Karine MalataMar 31, 2026▶ 19:16This Startup Catches Fraud at Scale · Y Combinator
AssertionSupported
Mellata: Variance Reviews GoFundMe Fundraisers and Fortune 50 Seller Verifications
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Karine MalataMar 31, 2026▶ 1:04This Startup Catches Fraud at Scale · Y Combinator
AssertionSupported
Mellata: GoFundMe uses Variance AI agents for fraud and sanctions compliance
“So Variance is used to verify, for instance, if a fundraiser is going to be built for A military operation, for instance, or if you're building a fundraiser for a crisis that you were not part of, which would be fraudulent, well, GoFundMe sort of has the respo…”
Karine MalataMar 31, 2026▶ 3:17This Startup Catches Fraud at Scale · Y Combinator
Insight
Mellata: Automating KYC and KYB Requires Only Three Core Building Blocks
“There's really only three building blocks that you need. So you have the compliance documents, the standard operating procedure, so what the company deems As necessary to verify at the onboarding level or at any other parts of the life cycle of that entity. On…”
Karine MalataMar 31, 2026▶ 7:51This Startup Catches Fraud at Scale · Y Combinator
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