Socure, an identity verification and fraud prevention company, raised $156 million in a strategic growth investment that values the company at $5.2 billion, according to Crunchbase News and SiliconANGLE.
Summit Partners led the round, with Goldman Sachs Alternatives, Wells Fargo and DocuSign also participating. The Incline Village, Nevada, company has now raised more than $742 million since it was founded in 2012, up from a $4.5 billion valuation in 2021, Crunchbase News reported.
Socure also acquired Fravity, an Austin-based agentic AI startup, in a separate transaction announced the same day. Neither company disclosed the price, according to SiliconANGLE. Fravity's software automates manual compliance work, including retrieving documents, running sanctions and watchlist screening, and drafting case summaries so analysts review finished files instead of building them from scratch, SiliconANGLE reported. The technology will be folded into Socure's RiskOS platform as RiskOS_Agents.
"I believe there are two types of companies that matter in the AI-driven global economy: those that are AI-native, and those that fight the consequences of AI acceleration," Socure co-founder and chief executive Johnny Ayers said, according to SiliconANGLE.
It is the third acquisition Socure has made to add AI-driven automation to its compliance platform, after Berbix in 2023 and Effectiv a year later, SiliconANGLE reported, a sign compliance vendors see agentic tooling as core infrastructure rather than a bolt-on feature.