Socure

Socure is a company that provides identity verification and fraud prevention services. It develops AI-powered tools to help businesses detect and prevent fraudulent activity.

Why it’s in the news: It is in the news due to a major funding round that valued it at $5.2 billion and its acquisition of the AI fraud investigation startup Fravity.

Latest on Socure

• Socure brings identity verification and fraud prevention to Circle Arc mainnnet
• 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
• Edge integrates with Socure to catch AI-driven fraud faster
• 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

3 entities linked to Socure across the news graph.