
Socure has raised $156 million in a strategic growth investment, bringing its valuation to $5.2 billion. The company also announced the acquisition of Fravity, an AI startup focused on automating fraud investigations. This move comes as Socure experiences rapid growth and a surge in sophisticated fraud attempts. The integration of Fravity's technology into Socure's platform aims to streamline fraud investigations and reduce costs. With over 3,000 enterprise customers, Socure is expanding its reach in the financial crime investigation market.
Read original