- Trust infrastructure for global identity and risk intelligence, Socure, has secured a strategic growth investment of $156 million, boosting the firm’s valuation to $5.2 billion.
- In addition to the funding announcement, Socure announced that it is acquiring Fravity, an agentic AI platform for risk and compliance.
- Socure has been a Finovate alum since 2013. Fravity made its Finovate debut last year at FinovateFall 2025 in New York.
Socure, which offers trust infrastructure for global identity and risk intelligence, has received a $156 million strategic growth investment that gives the firm a valuation of $5.2 billion. The investment was led by Summit Partners and included participation from Goldman Sachs Alternatives, Wells Fargo, and Docusign, among others. The funding also included both primary capital and an existing employee secondary tender offer.
“What stands out to us about Socure is the combination of durable growth and disciplined execution at this scale. We have followed this market closely for years, and we believe Socure is well positioned to bring identity, fraud, and compliance workflows onto a single platform,” Summit Partners Managing Director Matt Hamilton said.
The numbers for Socure are strong. The company closed Q2 2026 with $364 million in total ARR, 63% year-over-year ARR growth, 1.3x net dollar retention, and 0.01% logo churn. The company also noted that its international volume now represents a “double-digit” share of Socure’s network, up from two years ago.
In addition to the investment, Socure announced that it is acquiring agentic AI platform Fravity, which automates fraud, risk, and compliance operations. A Finovate alum that made its debut at FinovateFall 2025, Fravity provides AI agents that power deep investigations and execute workflows for onboarding, business due diligence, dispute resolution, and AML compliance. Founded in 2024, Fravity will add a native, first-party agent development platform and agentic operations layer to Socure’s RiskOS, an orchestration and decisioning platform that serves the firm’s 3,000+ customers. Integrating the two firms is expected to be relatively straightforward; Socure and Fravity share many enterprise clients, and the founding teams of both companies have collaborated across multiple companies for more than ten years. Fravity’s agentic AI capabilities will be delivered through Socure’s RiskOS platform as “RiskOS_Agents.”
“Stopping financial crime in the age of AI is getting harder every day, and there is no version of this where institutions hire their way out of it,” Socure Co-Founder and CEO Johnny Ayers said. “The solution will come from the infrastructure with the platform, proprietary data, first-party agents, and vertical domain expertise. Fravity, now as RiskOS_Agents, gives us the agent-building and ontology layer, wired into the nucleus of RiskOS, on top of our proprietary data and models, providing the complete loop to maximize customer decisioning accuracy. We are grateful for the support of Summit Partners and our other investors as we deliver on our vision for the future.”
Socure’s funding and acquisition come at a time when banks are spending significant amounts of time and money fighting fraud. Intelligence platform Liminal reported that organizations in the US spend $100 billion a year staffing internal and outsourced fraud, compliance, and risk management teams. Nevertheless, Liminal also noted that AI-powered fraud attacks have increased 8,000% over the last year, creating alert volumes that are increasing faster than fraud teams can staff for. Add to this the time spent on reviews—Liminal noted that 53% of banks spend at least an hour reviewing each alert, and 37% manually review more than 40% of their alerts—and the challenges facing banks and other organizations become all the more clear.
In contrast, Fravity has reduced cost per case by 80%, accelerated case resolution by up to 5x, and reduced false positives by as much as 70% across its current deployments. With its capabilities delivered as RiskOS_Agents, the technology will be wired directly into Socure’s proprietary datasets, purpose-built models, and downstream decision outcomes to maximize accuracy. Furthermore, RiskOS_Agents can learn from approximately 10 billion decisions a year and millions of resolved cases across the Socure network, creating a closed feedback loop that standalone agentic AI vendors cannot be easily replicated.
Socure serves customers in 190+ countries across financial services, e-commerce, government, healthcare, telecom, and gaming. The company’s clients include the top five US banks, four of the Magnificent Seven, 160 organizations throughout the public sector, and more than 600 fintechs.
Photo by Ashkan Forouzani on Unsplash