Socure has secured a growth investment valuing the company at USD 5.2 billion and has acquired agentic platform Fravity.
The investment, which combines primary funding with a secondary tender offer for existing employees, was led by Summit Partners, with participation from Goldman Sachs Alternatives, Wells Fargo, Docusign, and other investors.
Fravity's technology will be integrated into Socure's orchestration and decisioning platform, RiskOS, under the name RiskOS_Agents. The addition gives RiskOS a native, first-party layer for building and operating agents that automate fraud, risk, and compliance workflows. Socure stated that Fravity's agents are designed to draw directly on its proprietary datasets and models rather than functioning as a standalone tool reviewing external case files. According to the company, RiskOS_Agents will learn from the roughly ten billion decisions processed annually across the Socure network, alongside data from millions of resolved cases.
Socure and Fravity already share a number of enterprise customers that run both platforms in production, and the founding teams behind Socure, Effectiv (rebranded as RiskOS), and Fravity have worked together for more than a decade across previous companies.
The transaction comes against a backdrop of rising fraud and compliance costs. Citing intelligence platform Liminal, Socure noted that organisations in the US spend USD 100 billion annually on fraud, compliance, and risk operations, much of which is still handled manually. Liminal's data indicates that 53% of banks spend at least an hour reviewing each alert, while 37% manually review more than 40% of their alerts. Socure also referenced an 8.000% rise in AI-driven fraud attacks over the past year, which it said is pushing alert volumes beyond what manual staffing can address.
Reported efficiency gains
Socure said Fravity's deployments have reduced cost per case by 80%, cut false positives by as much as 70%, and accelerated case resolution by up to five times. These figures relate to Fravity's existing customer base ahead of its integration into RiskOS.
Company officials framed the acquisition as part of a broader shift toward consolidating identity, fraud, and compliance workflows onto a single platform, positioning the combined offering to address AI-driven financial crime at scale. Summit Partners representatives said the investment reflects confidence in Socure's data infrastructure and its outcomes with large enterprise and government customers.
The deal adds to a series of moves in the identity verification and fraud prevention sector, where vendors have increasingly sought to combine proprietary data, decisioning infrastructure, and automation capabilities within a single orchestration layer.
