Socure secures investment at $5.2 billion valuation, buys Fravity

Identity and risk intelligence company Socure valued at $5.2 billion after raising $156 million in new funding. The financing enabled Socure to acquire Fravity, an agentic platform designed to automate fraud, risk and compliance operations. Summit Partners led the round of investment, expressing confidence in Socure's identity verification capabilities in the AI-driven economy.

With Fravity, Socure can add an automated layer to its trust infrastructure, already used by over 3,000 enterprise customers and government agencies. Fravity's technology will be integrated into Socure's RiskOS platform as RiskOS_Agents to streamline investigative work for analysts. The acquisition follows a surge in fraud attempts, with 57% of businesses reporting more fraud attempts than a year ago, particularly in incoming customer payments.

Fravity has reportedly reduced case costs by 80%, improved resolution times and cut false positives by up to 70%.