Innerworks Technology Ltd.

Based in the UK, Innerworks Technology Ltd. specializes in advanced threat intelligence and fraud prevention solutions, focusing on device fingerprinting and real-time detection to combat fraudulent activities across various sectors. Innerworks Technology Ltd. was founded in 2020 in Kent, UK, and specializes in providing advanced security solutions for detecting fraud.

In August 2025, the company raised EUR 3. 7 million in Seed funding led by AlbionVC, with participation from various investors. The total amount raised to date stands at EUR 3. 7 million across one funding round.

Innerworks specializes in advanced threat intelligence and fraud prevention solutions, focusing on device fingerprinting and real-time detection of fraudulent activities. Their flagship product, the RedTeam platform, employs a robust ethical hacking framework based on BitTensor, enabling organizations to tackle sophisticated fraud tactics driven by generative AI. This platform integrates over 200 data points to monitor device behaviors, VPN usage, and other signals, allowing clients to block not just blacklisted users but entire devices associated with them. Primary users of Innerworks’ services include cryptocurrency exchanges, online marketplaces, and financial institutions in North America, Europe, and parts of Asia, which are increasingly pressured by regulatory demands for proactive fraud prevention measures.

Innerworks generates revenue through subscription-based models and partnerships with clients, primarily focusing on B2B transactions. Clients engage with the company to implement advanced security solutions, which may include tiered service offerings tailored to their needs. Organizations subscribe to different levels of the RedTeam platform, with each tier providing various features and support based on their operational scale and regulatory requirements. This structured pricing model allows organizations to select plans that align with their risk exposure, ensuring comprehensive protection against emerging fraud threats.

The recurring nature of these subscriptions creates a stable revenue stream while helping clients maintain compliance with evolving regulatory expectations. In August 2025, Innerworks Technology Ltd. raised EUR 3. 7 million in Seed funding, led by AlbionVC and supported by other investors, to enhance its fraud detection platform's features and expand its market presence.

The company plans to utilize this funding to accelerate the development of new products and improve existing offerings. Future expansion efforts are focused on entering additional global markets, particularly targeting regions in Asia and further enhancing its presence in North America and Europe by the end of 2026.