Socure Overview
- Year Founded
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2012
- Status
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Private
- Employees
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450
- Latest Deal Type
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Later Stage VC
- Investors
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52
Socure General Information
Description
Developer of a digital identity verification platform designed to verify identities and eliminate identity fraud on the internet. The company's platform applies artificial intelligence and machine learning techniques to verify every element of identity, inclusive of government documents, email, phone, address, internet protocol, device, date of birth, and social security number, enabling organizations to reduce fraud rates, increase acceptance rates as well as lower compliance and manual review costs.
Contact Information
Website
www.socure.comCorporate Office
- 885 Tahoe Boulevard
- Suite 1
- Incline Village, NV 89451
- United States
Corporate Office
- 885 Tahoe Boulevard
- Suite 1
- Incline Village, NV 89451
- United States
Socure Timeline
Socure Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 13. Later Stage VC | 01-Jan-2025 | Completed | Generating Revenue | |||
| 12. Debt - General | 10-Mar-2023 | Completed | Generating Revenue | |||
| 11. Secondary Transaction - Private | 22-Dec-2021 | Completed | Generating Revenue | |||
| 10. Later Stage VC (Series E) | 09-Nov-2021 | Completed | Generating Revenue | |||
| 9. Later Stage VC (Series D) | 12-Apr-2021 | Completed | Generating Revenue | |||
| 8. Later Stage VC (Series C1) | 25-Aug-2020 | Completed | Generating Revenue | |||
| 7. Secondary Transaction - Private | Completed | Startup | ||||
| 6. Later Stage VC (Series C) | 28-Feb-2019 | Completed | Startup | |||
| 5. Later Stage VC (Series B) | 09-Aug-2017 | $13.9M | $34M | Completed | Startup | |
| 4. Early Stage VC (Series A1) | 13-Dec-2016 | $13M | $20.1M | Completed | Startup |
Socure Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series E | ||||||||
| Series D | ||||||||
| Series C1 | ||||||||
| Series C | ||||||||
| Series B | ||||||||
| Series A1 | 26,366,077 | $0.000100 | 6% | $0.37 | $0.37 | 1x | $0.37 | 9.41% |
| Series A | 24,668,653 | $0.000100 | 6% | $0.23 | $0.23 | 1x | $0.23 | 8.81% |
VC Exit Predictor
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Opportunity Score
Calculated using Exit Type probabilities, the company’s stage, and PitchBook’s historical returns data.
Exit Type
Evaluates the likelihood of a successful exit for investors, and the most likely exit type.
Socure Comparisons
Industry
Financing
Details
Socure Competitors (40)
One of Socure’s 40 competitors is Sift (Network Management Software), a Venture Capital-Backed company based in San Francisco, CA.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Sift (Network Management Software) | Venture Capital-Backed | San Francisco, CA | ||||
| Forter | Venture Capital-Backed | New York, NY | ||||
| NoFraud | Private Equity-Backed | New York, NY | ||||
| Verafin | Formerly PE-Backed | Saint John's, Canada | ||||
| SentiLink | Venture Capital-Backed | San Francisco, CA |
Socure Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
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Verticals
Socure Patents
Socure Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| EP-4567744-A1 | Generative ai system and method for key and value pair information extraction from documents | Pending | 05-Dec-2023 | ||
| US-20250182513-A1 | Generative ai system and method for key and value pair information extraction from documents | Pending | 05-Dec-2023 | ||
| EP-4542476-A1 | System and method for detecting and mitigating real-time fraud attacks using aggregated consortium data for transactions | Pending | 18-Oct-2023 | ||
| US-20250131435-A1 | System and method for detecting and mitigating real-time fraud attacks using aggregated consortium data for transactions | Pending | 18-Oct-2023 | ||
| EP-4535225-A1 | Generative system and method for enhancing readability of barcodes using frequency guided computer vision | Pending | 04-Oct-2023 | G06N3/08 |
Socure Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Socure Investors (52)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Falcon Peak Capital | Venture Capital | Minority | ||
| Palo Alto Growth Capital | Growth/Expansion | Majority | ||
| REV Venture Partners | Corporate Venture Capital | Minority | ||
| Versatile Venture Capital | Venture Capital | Minority | ||
| Zain S Hasan Charitable Remainder Trust | Other | Minority |
Socure Acquisitions (2)
Socure’s most recent deal was a Merger/Acquisition with Effectiv for . The deal was made on 24-Oct-2024.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Effectiv | 24-Oct-2024 | Merger/Acquisition | Network Management Software | ||
| Berbix | 24-Feb-2023 | Merger/Acquisition | Business/Productivity Software |
Socure FAQs
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When was Socure founded?
Socure was founded in 2012.
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Where is Socure headquartered?
Socure is headquartered in Incline Village, NV.
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What is the size of Socure?
Socure has 450 total employees.
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What industry is Socure in?
Socure’s primary industry is Financial Software.
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Is Socure a private or public company?
Socure is a Private company.
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What is Socure’s current revenue?
The current revenue for Socure is .
-
How much funding has Socure raised over time?
Socure has raised $744M.
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Who are Socure’s investors?
Falcon Peak Capital, Palo Alto Growth Capital, REV Venture Partners, Versatile Venture Capital, and Zain S Hasan Charitable Remainder Trust are 5 of 52 investors who have invested in Socure.
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Who are Socure’s competitors?
Sift (Network Management Software), Forter, NoFraud, Verafin, and SentiLink are some of the 40 competitors of Socure.
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