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Socure Secures $156M at $5.2B Valuation, Acquires AI Fraud Investigation Startup Fravity

Identity verification and fraud prevention company Socure announced Thursday that it raised $156 million in a strategic growth investment valuing it at $5.2 billion. The Incline Village, Nevada-based company is also acquiring Austin-based agentic AI startup Fravity as it looks to automate more of the labor-intensive work involved in investigating financial crime. Summit Partners led the investment, which includes both primary capital and a secondary tender offer for employees. Goldman Sachs Alte...

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