Fravity

Fravity is an AI platform that automates fraud, risk, and compliance operations. It was acquired by Socure to enhance their identity and risk intelligence services.

Why it’s in the news: Fravity is in the news because it was acquired by Socure as part of a $156M funding round that valued Socure at $5.2 billion.

Latest on Fravity

• Socure Secures $156M at $5.2B Valuation, Acquires AI Fraud Investigation Startup Fravity
• Socure Acquires Fraud Fighter Fravity as Valuation Hits $5.2 Billion
• Socure hits $5.2bn valuation on investment; buys AI fraud platform Fravity
• Identity and risk intelligence infrastructure provider Socure is now a $5.2 billion company. The firm reached that valuation Thursday (Aug. 27) following a new $156 million round of funding led by Summit Partners, which allowed Socure to acquire Fravity, an agentic platform aimed at automating fraud, risk and compliance operations.

Connections

1 entities linked to Fravity across the news graph.