PhroneticAI

PhroneticAI is a technology company that helps businesses verify people's identities using a photo-based identity document, a selfie and artificial intelligence algorithms.

History

PhroneticAI (Nueromind Technologies Private Limited) was founded in 2020 by Infibeam (now AvenuesAI) dedicated to the AI-enabled fraud detection and prevention market, with an initial focus on the fintech and financial sectors.

In August 2024, the company brought Phronetic. AI’s Theia Vision AI technology to five prominent hospitals across India and a major UAE-based gas station chain. And it secured $1 million AI contarct. and it also announced a women’s safety feature in ‘AI Facility Manager’ for CCTVs.

In collaboration with Indian Institute of Science, Bangalore, Phronetic AI developed anti-deepfake technology specifically tailored for real-time video communication.

In July 2025, Phronetic AI partnered with Nawgati Tech to provide AI and Video LLM technology.

In October 2025, Phronetic AI Launched India’s first agentic Payment Platform PayCentral.ai which enables AI agents to execute financial transactions for enterprises and merchants.