Identity verification company Socure has taken another step toward becoming a broader trust platform for the digital economy, announcing a strategic growth round that values the firm at $5.2 billion and completing a deal to buy Fravity, an agentic software company focused on automating fraud, risk, and compliance work.
The financing was led by Summit Partners and included Goldman Sachs Alternatives, Wells Fargo, DocuSign, and additional backers. It combined new capital for the company with a secondary tender that gives employees an opportunity to sell shares.
The funding round size has been reported as $156 million and has been described as an extension of Socure’s earlier Series E, which in 2021 valued the company at $4.5 billion after a $450 million raise.
Acquisition terms for Fravity were not disclosed.
Based in Incline Village, Nevada, Socure positions itself as infrastructure for identity, fraud prevention, and risk intelligence.
Management said the company finished the second quarter of 2026 with $364 million in annual recurring revenue, up 63 percent from a year earlier.
Net dollar retention stood at 133 percent, logo churn at 0.01 percent, and the customer base now exceeds 3,000 organizations.
International activity, once negligible, has become a double-digit share of network volume over two years.
Fravity’s software is designed to handle the operational work that follows a risk alert: investigations, documentation, onboarding checks, business due diligence, disputes, and anti-money-laundering reviews.
Socure plans to fold that technology into RiskOS, its orchestration and decisioning layer, and market the combined capability as RiskOS Agents.
The companies share enterprise clients that run both products in production.
Founding teams behind Socure, Effectiv (later rebranded as RiskOS), and Fravity have collaborated across companies for more than a decade, which the firms say should ease integration.
The timing reflects a market under strain.
Generative AI has made large-scale fraud cheaper to launch, while much of the response still depends on people reading alerts.
Industry research cited by Socure estimates that U.S. organizations spend about $100 billion a year on fraud, compliance, and risk operations.
Many banks still spend an hour or more on individual alerts, and a sizable share of cases is reviewed by hand.
In existing Fravity deployments, the companies claim cost per case has fallen by 80 percent, resolution times have improved by as much as five times, and false positives have dropped by up to 70 percent.
Socure argues that embedding agents inside RiskOS is different from bolting on a standalone chatbot.
RiskOS already sits in the path of identity, authentication, fraud, and compliance decisions and draws on proprietary data from Socure’s identity graph.
The company says agents connected to that stack can learn from billions of decisions and millions of resolved cases each year, rather than working only from a case file supplied by a third-party tool.
CEO and co-founder Johnny Ayers framed the purchase as completing a loop: data, models, decisions, and now software that can act on all three.
Investors at Summit Partners pointed to durable growth and the chance to put identity, fraud, and compliance workflows on one platform. For customers facing rising alert volumes, the bet is that automation can absorb work that hiring alone cannot keep up with.