According to Crunchbase, AI fraud prevention company Socure has completed a $156 million strategic growth financing round, bringing its valuation to $5.2 billion. The round was led by Summit Partners, with participation from Wells Fargo, Goldman Sachs Alternatives, which is part of Goldman Sachs, and Docusign. Socure said its fraud prevention services are already used by several major financial and crypto-related companies, including crypto exchange Coinbase, stablecoin issuer Circle, digital bank Revolut, and Robinhood. The company also announced the acquisition of AI startup Fravity. Socure said the deal is aimed at using AI agents to support fraud, risk, and compliance investigations. The financial terms of the acquisition were not disclosed.
AI fraud prevention company Socure has completed a $156 million strategic growth financing round at a $5.2 billion valuation, according to Crunchbase.
Summit Partners led the round. Wells Fargo, Goldman Sachs Alternatives, part of Goldman Sachs, and Docusign were among the participants.
Socure said its fraud prevention services are currently used by companies including crypto exchange Coinbase, stablecoin issuer Circle, digital bank Revolut, and Robinhood.
The company also announced the acquisition of AI startup Fravity. Socure said the move is intended to use AI agents for fraud, risk, and compliance investigations. The acquisition price was not disclosed.
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