Socure has raised $156 million in a strategic growth investment at a valuation of $5.2 billion, giving the identity verification and fraud prevention company fresh capital as it expands its use of artificial intelligence. The investment was led by Summit Partners, with Goldman Sachs Alternatives, Wells Fargo, and Docusign also participating.
Alongside the funding announcement on August 27, 2026, Socure said it is acquiring Austin-based AI startup Fravity. The companies did not disclose the terms of the acquisition. Fravity has built an AI-native platform that uses agents to automate fraud, risk, and compliance investigations.
The deal adds an investigation layer to Socure’s fraud prevention business, which already serves more than 3,000 enterprise customers. Fravity’s technology will be incorporated into Socure’s RiskOS platform under the name RiskOS_Agents, with watchlist screening, monitoring, and know-your-business checks as the first areas of focus.
A larger funding base and a higher valuation
Socure has raised over $742 million in disclosed funding since its 2012 inception. Its new $5.2 billion valuation is higher than the $4.5 billion valuation it reached during its Series E round in 2021.
The latest investment comes as Socure reports strong business growth. The company ended the second quarter with $364 million in annual recurring revenue, up 63% from a year earlier. It also added 95 customers during the quarter, including Circle, Cox Automotive, MoneyLion, and Login.gov.
Socure’s customer base includes 19 of the 20 largest U.S. banks, more than 600 fintech companies, major sportsbook and prediction-market operators, and 160 public-sector organizations. Specific customers include Capital One, Citi, Chime, Robinhood, DraftKings, and Revolut.
That mix gives the company exposure to financial services, digital businesses, public agencies, and markets where identity checks and fraud controls play a central role. The funding and acquisition place those customer relationships alongside a larger push into automated investigation work.
Why Socure is adding AI investigation agents
Socure CEO Johnny Ayers said the company’s network saw an 8,000% increase in AI-driven fraud last year. That figure points to a fraud environment where automated tools are being used on both sides: attackers can use AI to create or scale fraud, while companies need AI to review risks and investigate suspicious activity.
Fravity’s platform is designed around agents that automate fraud, risk, and compliance investigations. Bringing that technology into RiskOS means Socure will offer those capabilities through RiskOS_Agents rather than keeping identity verification and investigation as separate parts of its platform.
The initial integration will focus on watchlist screening, monitoring, and know-your-business checks. These areas connect directly to the work companies and public-sector organizations perform when they assess customers, businesses, and potential risks.
Watchlist screening and monitoring will be part of the first rollout, while know-your-business checks will extend the platform’s focus beyond individual identity verification. The stated goal of the integration is to apply Fravity’s AI-native agent technology to these specific investigations.
What the acquisition says about Socure’s expansion
Socure’s latest numbers show a company growing its revenue, customer count, and reach across several industries. Its $364 million in annual recurring revenue and 63% year-over-year increase provide the financial backdrop for the $156 million investment and the Fravity acquisition.
The customer additions also show that Socure continues to expand beyond its existing base. Circle, Cox Automotive, MoneyLion, and Login.gov joined the company’s customer list during the second quarter, while its broader base includes major banks, fintech companies, sportsbook and prediction-market operators, and public-sector organizations.
Fravity brings a focused AI capability into that expanding business. Its agents will support investigations tied to fraud, risk, and compliance, while RiskOS_Agents will begin with watchlist screening, monitoring, and know-your-business checks.
Socure’s valuation has now reached $5.2 billion, compared with $4.5 billion at the time of its 2021 Series E round. With over $742 million in disclosed funding since 2012, the company is using its latest investment and acquisition to build on a platform serving more than 3,000 enterprise customers.
