Summit Partners backs Socure
The identity verification, fraud prevention, compliance and risk decisioning platform serves enterprises across financial services, government, gaming, healthcare, telecom and e-commerce.
Summit Partners invested in Socure, an AI-native identity verification, fraud prevention and compliance platform serving enterprises across financial services, government, gaming, healthcare, telecom and e-commerce. Socure’s identity graph draws on signals from a contributory network of more than 3,000 customers, which the firm views as difficult to replicate.
The investment values Socure at $5.2 billion. Socure also acquired Fravity, an agentic operations platform.
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