Socure secures a strategic growth investment valuing the company at $5.2B, led by Summit Partners with participation from Goldman Sachs Alternatives, Wells Fargo, and Docusign.
Socure, a leader in trust infrastructure for global identity and risk intelligence, announced a strategic growth investment. This investment values the company at $5.2 billion and facilitates the acquisition of Fravity, an agentic platform that automates fraud and risk operations. The investment was led by Summit Partners, with Goldman Sachs Alternatives, Wells Fargo, Docusign, and others participating. The funding will help Socure enhance its infrastructure and expand its operations.
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Company Information
Company
Socure
Location
885 Tahoe Blvd. , Suite 1
Incline Village, Nevada, United States
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The company plans to use the funds in two ways — to execute on its mission to “verify 100% of good identities and completely eliminate identity fraud” and to increase its investments “across the entire identity verification lifecycle,” further developing proofing and authentication processes, per Ayers. He added that the company is also expanding its partnerships with state and federal government actors to help them invest in digital identity technology after hiring a new head of its public sector business last month.
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