Socure reaches $5.2 billion valuation after $156 million funding round

Identity verification startup Socure raised $156 million in strategic growth financing that valued the company at $5.2 billion. The round, reported as a Series E extension in earlier coverage, was led by Summit Partners and included participation from Goldman Sachs Alternatives, Wells Fargo and DocuSign, as well as primary capital and a secondary tender offer for employees. Socure also acquired Fravity, an agentic operations platform whose technology will be integrated into Socure’s RiskOS platform as RiskOS Agents for AI-based fraud, risk and compliance investigations. Socure’s fraud-prevention services are used by companies including crypto exchange Coinbase, stablecoin issuer Circle, digital bank Revolut and Robinhood. The transaction comes as increasingly capable AI models create new cybersecurity risks while also being deployed to combat fraud. Socure serves more than 3,000 customers in over 190 countries across financial services, government, gaming, healthcare, telecom and e-commerce.

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