Egypt's KNOT Technologies Raises $1M in Funding to Combat Ticket Fraud Using AI

Egypt’s KNOT Technologies raises $1m to combat ticket fraud using AI, marking a big step forward for the live events industry. This Egyptian and UK-based startup has secured $1 million in pre-seed funding from venture firm A15. The money will help them build a smarter ticketing system that fights fake tickets and controls resales with artificial intelligence.

The funding will be used to combat ticket fraud using AI by creating a platform that gives event organizers clear insights. It tracks ticket demand, watches how tickets move from buyer to buyer, and blocks fake or duplicate ones before they reach fans. Founded in 2025 by Ahmed Abdalla and Hussein ElBendak, the London-based company focuses on live events like concerts and sports matches. These are places where ticket fraud and scalping often cause big problems for everyone involved.

KNOT Technologies plan to use the funding wisely. The startup will improve its product features and expand into new markets. Right now, ticketing is one of the last big consumer industries stuck with old, outdated systems. Organizers can’t easily see who buys tickets, how they get resold, or where fraud sneaks in. This leaves fans at risk of getting fake tickets and causes revenue losses for events.

Egypt's KNOT Technologies raises $1m to combat ticket fraud using AI

KNOT changes this by adding an AI layer to the process. The platform checks user identities, controls who can transfer tickets, and monitors demand in real time. Organizers can stop unauthorized resales, follow ticket paths, and spot suspicious activity quickly, even during a busy event. After early tests, KNOT has already signed over 50 big customers. That’s impressive in a market run by old providers with clunky tech.

With the fresh cash, KNOT Technologies aims to combat ticket fraud using AI and grow fast. They want to partner more with venues, promoters, and ticket sellers. Starting from Europe, the Middle East, and North Africa, they’ll push into other regions. The system suits huge events that need top security against scams. Investors like A15 see huge potential here. They led the funding because KNOT tackles a core issue: building trust, managing identities, and protecting value in live events.

If KNOT succeeds, it could change how organizers connect with fans. They’d get better data on who attends, how tickets flow, and resale habits. This might lead to new ways to set prices and sell tickets, cutting reliance on shady secondary markets. Fans would enjoy fairer access without the worry of fakes.

Still, challenges lie ahead. KNOT must blend its tech with existing systems and convince organizers to ditch familiar providers. Different countries have varying rules on data and identity, which could slow global growth. But as live events bounce back worldwide after tough years, the need for secure ticketing grows stronger.

KNOT Technologies raises $1m in funding to combat ticket fraud, betting on AI to lead the way. Instead of small tweaks to old setups, they’re creating fresh infrastructure. This could redefine ticket sales, tracking, and protection for concerts, sports, and more. Organizers gain control, fans get real tickets, and the industry moves toward transparency. Early wins with 50 customers show promise, and the funding fuels their push.

This funding came at just the right time. Live events are booming, and fraud hurts trust. By verifying buyers, curbing resales, and providing real-time insights, KNOT stands out. A15’s backing highlights the shift: AI isn’t just a buzzword; it’s a fix for broken systems. As they scale, watch for smarter events where fake tickets become a thing of the past.

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