What is Socure?
Socure operates at the intersection of artificial intelligence and cybersecurity, providing a comprehensive platform designed to verify identities in real-time. By leveraging advanced data science, the company enables organizations to eliminate identity fraud while simultaneously streamlining the onboarding process for legitimate users. Its market position is defined by its 'gold standard' status, serving a diverse array of enterprise clients who require robust, scalable, and accurate identity solutions to mitigate risk in an increasingly complex digital landscape.
How much funding has Socure raised?
Socure has raised a total of $746.6M across 11 funding rounds:
Debt
$2.3M
Private Equity
$13M
Series B
$13.9M
Series C
$30M
Private Equity
$35M
Series D
$100M
Series E
$450M
Debt
$95M
Debt (2015): $2.3M featuring Vedanta Capital Management, Flint Capital, and ff Venture Capital
Private Equity (2016): $13M backed by Flint Capital, Santander Corporate & Commercial, ff Venture Capital, and Two Sigma Ventures
Series B (2017): $13.9M with participation from Flint Capital, Work-Bench, Synchrony Financial, Santander InnoVentures, and Two Sigma Ventures
Series C (2019): $30M led by BA Venture Partners and Flint Capital
Private Equity (2020): $35M supported by Flint Capital, Citi Ventures, Commerce Ventures, MVB Financial, Wells Fargo, BA Venture Partners, and Sorenson Ventures
Series D (2021): $100M featuring Flint Capital, Accel Partners BV, BA Venture Partners, and Commerce Ventures Management LLC
Series E (2021): $450M backed by T. Rowe Price, Tiger Global Management, Two Signa Ventures, and Accel
Debt (2023): $95M with participation from KeyBanc Capital Markets, Chase, and Silicon Valley Bank
Key Investors in Socure
Flint Capital
Flint Capital Fund specializes in venture capital investments, focusing on providing financial support to innovative startups and growth-stage companies.
ff Venture Capital
ff Venture Capital is a leading seed and early-stage venture capital firm based in New York, focused on investing in emerging industries such as AI and Security.
Two Sigma Ventures
Two Sigma Ventures is an early-stage venture capital firm that invests in transformative companies leveraging information growth and computing power.
What's next for Socure?
Looking ahead, the recent capital injection positions Socure to further accelerate its product roadmap and expand its footprint within the global enterprise sector. As the demand for sophisticated fraud prevention tools continues to rise, the company is well-positioned to leverage its existing network of strategic partners and investors to drive further innovation. Future growth will likely focus on enhancing its AI-driven verification capabilities and deepening its penetration into new international markets, ensuring that Socure remains at the forefront of the digital identity revolution.
See full Socure company page