2025-04-11 11:20:22.AIbase.17.1k
Nate Founder, AI Shopping App CEO, Accused of Fraud: Claimed AI Technology Was Manual
According to a Department of Justice press release on Wednesday, Albert Saniger, founder and former CEO of Nate, an AI-powered shopping app claiming to offer a universal checkout experience, has been charged with defrauding investors. Founded in 2018, Nate raised over $50 million in funding from firms including Coatue and Forerunner Ventures, including a $38 million Series A round led by Renegade Partners in 2021. The company claimed...
