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...
Read more at news.crunchbase.com