Socure is putting fresh capital behind a bigger fight against AI-powered fraud. The identity verification and fraud prevention company has raised $156 million in a strategic growth investment at a $5.2 billion valuation while acquiring Austin-based AI startup Fravity.
The investment was led by Summit Partners, with Goldman Sachs Alternatives, Wells Fargo, Docusign, and others participating. Socure announced the moves on August 27, 2026, as AI creates a powerful opportunity for its platform and a serious new challenge for the customers it protects.
A $5.2 Billion Valuation Builds On Rapid Growth
Socure’s latest investment lifts its valuation from the $4.5 billion level reached during its Series E round in 2021. Since its inception in 2012, the company has raised over $742 million in disclosed funding, giving it a substantial base for expanding its identity verification and fraud prevention business.
The company ended the second quarter with $364 million in annual recurring revenue, up 63% from a year earlier. Socure also added 95 customers during the second quarter, including Circle, Cox Automotive, MoneyLion, and Login.gov.
Socure claims to be growing profitably, and its customer base now spans more than 3,000 enterprise customers. That reach 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.
- Capital One
- Citi
- Chime
- Robinhood
- DraftKings
- Revolut
These customers show how identity checks and fraud prevention now stretch across banking, fintech, online platforms, prediction markets, and government services. Socure’s latest funding gives the company more room to build around that broad customer base.
AI Has Turned Fraud Into a Faster, Harder Problem
AI is creating both an opportunity and a problem for Socure. The company saw an 8,000% increase in AI-driven fraud last year, a surge tied to tools that make convincing fake identities easier to create and attacks easier to automate.
Generative AI can help criminals produce more believable identity details, while other tools can automate the work required to target digital services. That combination puts pressure on companies to identify suspicious activity across more accounts, transactions, and compliance checks without slowing legitimate customers.
Socure’s acquisition of Fravity targets that investigation challenge directly. Fravity has built an AI-native platform that uses agents to automate fraud, risk, and compliance investigations, bringing agent-based workflows into an area where teams must examine evidence and make decisions across several checks.
Socure did not disclose the terms of its acquisition of Fravity.
Fravity’s Agents Move Into RiskOS
Fravity’s technology will be incorporated into Socure’s RiskOS platform as RiskOS_Agents. The initial focus will be watchlist screening, monitoring, and know-your-business checks.
Those areas sit at the center of identity, fraud, risk, and compliance work. Watchlist screening can support checks against relevant risk lists, monitoring can help teams track activity over time, and know-your-business checks can help organizations examine the companies they serve.
By adding agents to RiskOS, Socure is connecting its existing fraud prevention platform with automation built for investigations. The company’s customer base includes major banks, fintech companies, sportsbook and prediction-market operators, and public-sector organizations, so RiskOS_Agents will enter a platform already used across many high-stakes settings.
The strategy also reflects the speed of the threat. Socure’s 8,000% increase in AI-driven fraud shows why identity verification alone cannot stand apart from ongoing investigation and compliance work. As generative AI and other tools make fake identities and automated attacks easier to produce, Socure is adding AI agents to the systems designed to detect them.
The $156 million investment and Fravity acquisition point Socure toward a tighter connection between funding, customer growth, and AI-powered fraud response. With a $5.2 billion valuation, $364 million in annual recurring revenue, and more than 3,000 enterprise customers, the company is expanding RiskOS as AI reshapes both sides of the fraud battle.
