Egypt’s KNOT Technologies secures $1m to stop ticket fraud with AI

KNOT Technologies, a startup based in Egypt and the UK, has raised $1 million in pre-seed funding from venture firm A15. The company is developing an AI-powered ticketing system to reduce fraud and control ticket resales.

According to the company, its platform helps event organizers understand demand, track ticket movement, and stop fake or duplicate tickets from reaching fans. KNOT will use the funding to improve its product and enter new markets.

Founded in 2025 by Ahmed Abdalla and Hussein ElBendak, the London-based startup builds infrastructure for live events like concerts and sports, where ticket fraud and resale abuse are common.

Fixing broken ticket systems

Ticketing remains one of the few major consumer industries still running on outdated systems that offer limited visibility into who buys tickets, how they move, and where fraud happens. This has created space for fake tickets, scalping, and unregulated resale markets, leaving fans exposed and organizers unable to track revenue leakages.

KNOT’s platform introduces an AI layer that verifies user identity, controls ticket transfers, and tracks demand in real time. According to the company, this allows organizers to stop unauthorized resales, monitor how tickets circulate, and respond faster to suspicious activity during events.

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The startup has signed over 50 enterprise customers after early pilots, gaining traction in a sector dominated by legacy providers with outdated infrastructure.

How KNOT plans to scale beyond early markets

With new funding, KNOT plans to work more closely with venues, promoters, and ticket sellers while growing beyond its first markets in Europe, the Middle East, and North Africa. The company believes the system can be used for big events that need better security and stronger protection against fraud.

For investors, the appeal is in creating a new ticketing system using AI instead of just adding new features to old systems. A15, which led the round, said KNOT is fixing a basic problem in how trust, identity, and value move through the live events industry.

If successful, KNOT’s model could shift how event organizers interact with fans by offering clearer data on attendance patterns, ticket movement, and resale behaviour. This could also create new pricing and distribution models that reduce dependency on secondary ticket markets.

Nevertheless, KNOT will face challenges integrating with existing ticketing infrastructure and persuading organizers to switch from established providers. Additionally, scaling across different regulatory environments, especially regarding data and identity management, could complicate expansion.

Despite these hurdles, as live events continue to rebound globally, demand for more secure and transparent ticketing systems is rising. KNOT is betting that AI-powered infrastructure, rather than incremental fixes, will define the next phase of how tickets are sold, tracked, and protected.

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