Socure Raises $156M, Acquires AI Fraud Startup

Identity verification firm Socure has secured $156 million in funding at a $5.2 billion valuation, led by Summit Partners with participation from Goldman Sachs, Wells Fargo and DocuSign. The company simultaneously acquired agentic AI startup Fravity AI for an undisclosed sum. Fravity's technology automates the manual compliance case review process, handling document retrieval, sanctions screening and case summarization. Rebranded as RiskOS_Agents, it integrates into Socure's existing risk platform. Socure claims deployments have cut cost per case by 80% and resolved cases five times faster.