Socure

Socure is an identity verification and fraud-prevention company founded in 2012 by Johnny Ayers and Sunil Madhu, headquartered in Incline Village, Nevada. Its platform combines machine learning, network-based signals, and document verification to help banks, fintechs, government agencies, and other enterprises confirm identity and detect fraud in real time, and it has expanded through acquisitions including document-verification firm Berbix (2023), risk-decisioning provider Effectiv (2024), and agentic fraud-investigation platform Fravity (2026).

The company reached unicorn status with a $100 million Series D in March 2021 at a $1.3 billion valuation, then jumped to a $4.5 billion valuation with a $450 million Series E in November 2021 led by Accel and T. Rowe Price. In August 2026, Socure announced a $156 million strategic growth investment led by Summit Partners — combining primary capital with an employee tender offer — that valued the company at $5.2 billion, alongside the Fravity acquisition.

As of Q2 2026, Socure reported $364 million in total annualized recurring revenue (63% year-over-year growth), 133% net dollar retention, and more than 3,000 customers, and in May 2026 it won a five-year, $163 million federal subcontract (with prime contractor Xcelerate Solutions) to provide identity-proofing technology for the U.S. government's Login.gov service.

Socure remains privately held; industry coverage has described the company as positioning itself for an eventual IPO, but no registration has been filed as of this research.