Feb. 28, 2019
Socure, a firm that specializes in AI-based identity verification and fraud prevention, has raised $30 million in Series C funding led by Scale Venture Partners, according to a company announcement.
Participants in the funding round included Sorensen Capital and existing investors Commerce Ventures, Flint Capital, Two Sigma Ventures and Synchrony.
The funding will be used to accelerate sales, marketing, research and development and customer support.
"This funding will enable us to grow our footprint in strategic U.S. market sectors that are in need of accurate, automated identity verification technology, including healthcare and the public sector," CEO Tom Thimot said in the announcement.
The technology is used by more than 100 banks, brokers, lenders and payment providers, the company said.
Topics: Financial News, Security
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