Socure, a leading trust infrastructure for global identity and risk intelligence, today announced a strategic growth investment that values the company at $5.2 billion, alongside the acquisition of Fravity, an agentic platform that automates fraud, risk, and compliance operations. The investment was led by Summit Partners with participation from Goldman Sachs Alternatives, Wells Fargo, Docusign, and others, and includes both primary capital and an existing employee secondary tender offer.

Together, the investment and acquisition reflect Socure’s expanding role as a trust infrastructure leader for the global economy in which AI has changed both the scale of fraud and money laundering and the systems used to stop them. Socure closed Q2 2026 with $364 million in total ARR, 63% year-over-year ARR growth, 133% net dollar retention, and 0.01% logo churn across more than 3,000 customers. International volume has grown from near zero to a double-digit share of Socure’s network in the past two years.

“Identity is the first perimeter for trust in an AI-driven economy across nearly every use case, and we believe the platforms that can verify identity accurately, continuously, and at global scale, will define the next decade of risk infrastructure,” said Andy Collins, a Managing Director at Summit Partners. “Socure has built that capability with rigor — an AI-native architecture, a deep data advantage and documented outcomes for large enterprise and government customers.”

“What stands out to us about Socure is the combination of durable growth and disciplined execution at this scale,” said Matt Hamilton, a Managing Director at Summit Partners. “We have followed this market closely for years, and we believe Socure is well positioned to bring identity, fraud and compliance workflows onto a single platform. We are pleased to support CEO Johnny Ayers and the team in this next phase of growth.”

The acquisition of Fravity adds a native 1st party agent development platform and agentic operations layer to RiskOS®, the orchestration and decisioning platform that serves more than 3,000 customers. The two companies already share many enterprise customers running both platforms together in production, and the founding teams across Socure, Effectiv (rebranded as RiskOS), and Fravity have worked together across multiple companies for more than a decade. Fravity’s capabilities will be delivered through the RiskOS platform as RiskOS_Agents.

According to intelligence platform Liminal, U.S. organizations spend $100 billion a year on fraud, compliance, and risk operations through internal and outsourced staffing. Most of this work is still done manually. Liminal further reports that 53% of banks spend at least an hour reviewing each alert, and 37% manually review more than 40% of their alerts. With AI-driven fraud attacks up 8,000% in the past year, alert volumes are climbing faster than teams can staff against them. Across existing deployments, Fravity has reduced cost per case by 80%, accelerated case resolution by up to 5x, and cut false positives by as much as 70%.

Because RiskOS sits at the center of every fraud, identity, authentication, and compliance decision and is built on a decade of proprietary data from Socure’s Identity Graph, RiskOS_Agents are wired directly into Socure’s proprietary datasets, purpose-built models, and downstream decision outcomes to maximize accuracy that is unmatched. That is the difference between an agent that reads a case file from a third party vendor and one that learns from 10 billion decisions a year and millions of resolved cases across the Socure network, and it is the loop that standalone agent vendors have no path to closing.

“AI broke the economics of fraud and compliance operations, and no institution is going to hire their way out of it,” said Johnny Ayers, Co-Founder and CEO of Socure. “The next decade belongs to the organization who owns the full loop: the data, the models, the decision layer, and now agents that act on all three components. Fravity, now RiskOS_Agents, completes that loop inside RiskOS. We are grateful to Summit Partners and our investors for backing the future of fraud and identity.”

About Socure

Socure is a leading AI-native trust infrastructure, providing identity and risk intelligence to the world. Socure is trusted by the largest enterprises and government agencies to build trust and mitigate risk with its identity verification, compliance and fraud prevention solutions. Leveraging AI and machine learning, Socure achieves the highest accuracy, automation, and capture rates in the industry.

Serving more than 3,000 customers and 190+ countries across financial services, government, gaming, healthcare, telecom, and e-commerce, Socure’s customer base includes the top five U.S. banks, four of the Mag 7, the largest HR payroll and workforce providers, the largest sportsbook and prediction market operators, 160 organizations across the public sector, and more than 600 fintechs.

Leading organizations trust Socure to deliver certainty in identity across onboarding, authentication, payments, account changes, and regulatory compliance. Learn more at www.socure.com.

About Summit Partners

Summit Partners is a global growth equity firm that invests across growth sectors of the economy and, since the firm’s founding in 1984, has invested in more than 550 companies in technology, healthcare, and other growth industries. Summit maintains offices in North America and Europe and seeks to invest in category-leading, profitable growth companies worldwide. For more information, please visit www.summitpartners.com or follow Summit Partners on LinkedIn.

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