Socure - About the company
Socure is a series E company based in New York City (United States), founded in 2012 by Sunil Madhu and Johnny Ayers. It operates as a Provider of AI based platform offering identity verification. Socure has raised $650M in funding from investors like Accel, ff Venture Capital and Founder Collective, with a current valuation of $4.5B. The company has 616 active competitors, including 162 funded and 111 that have exited. Its top competitors include companies like Jumio, IDfy and M2P Fintech.
Sectors and market segments that Socure operate in
Socure serves in the Native AI, FinTech market segments.The primary business model of Socure are:Company Details
Provider of AI based platform offering identity verification. It provides users with products such as machine learning-based fraud detection, identity verification, onboarding, document verification, and more. It also features fuzzy name matching and natural language processing tools for adverse media screening.
- Website
- www.socure.com/
- Social
- Email ID
- *****@socure.com
- Phone Number
- +1 **********
Key Metrics
Founded Year
2012
Location
New York City, United States
Stage
Series E
Total Funding
$650M in 14 rounds
Latest Funding Round
Post Money Valuation
$4.5B as on Nov 09, 2021
Ranked
28th among 616 active competitors
Employee Count
525 as on Mar 31, 2026
Legal entities associated with Socure
Socure is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Socure Inc. CIN: 5203332 , United States, Active | Aug 23, 2012 | - | 4 (As on Apr 30, 2018) | - |
Socure Inc. CIN: 5203332 , United States, Active | Aug 23, 2012 | - | - | - |
SOCURE INDIA PRIVATE LIMITED CIN: U72900TN2018FTC120653 , India, Active | Jan 24, 2018 | $5.49M (As on Mar 31, 2025) | 97 (As on Aug 31, 2025) |
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Socure's funding and investors
Socure has raised a total funding of $650M over 14 rounds. Its first funding round was on Feb 12, 2013. Its latest funding round was a Conventional Debt round on Mar 08, 2023 for $95M. 3 investors participated in its latest round. Socure has 44 institutional investors.
Here is the list of recent funding rounds of Socure:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 08, 2023 | $95M | Conventional Debt | - | - | - | |
Nov 09, 2021 | $450M | Series E | $4.5B | - | ||
Jun 03, 2021 | Undisclosed | Series D | - | - | - |
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Socure's founders and board of directors
Founder? Claim ProfileHere are the details of Socure's key team members:
- Sunil Madhu: Former Co-Founder of Socure and founder of 3 other companies, Instnt, Instnt and Hopskoch. They serve on the board of 1 company.Contact Info: 2 email addresses
- Johnny Ayers: Founder, President & CEO of Socure. They are also an angel investor in 1 startup.
Socure's Board of Directors
Socure's board has 16 active members. Alessandro Piol, Amit Jhawar, Sunil Madhu, Dan Rosen, Oscar Salazar, Philip Eytan, John Ayers, Rory O'Driscoll, Avi Aronovitz, John F. Frankel, Thomas Thimot, Samuel Leinhardt, Bradley Leinhardt, Sergey Gribov, Pavlo Protopapa and John Locke are independent board members.Here is the list of Socure's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Independent board member | - | Current | 11y 6m | |
Independent board member | - | Current | 4y 11m | |
Independent board member | - | Current | 13y 0m | |
Independent board member | - | Current | 7y 0m | |
Independent board member | - | Current | 13y 0m | |
Independent board member | - | Current | 13y 0m | |
Independent board member | - | Current | 11y 6m | |
Independent board member | - | Current | 7y 0m | |
Independent board member | - | Current | 8y 6m | |
Independent board member | - | Current | 10y 7m | |
Independent board member | - | Current | 7y 0m | |
Independent board member | - | Current | 13y 0m | |
Independent board member | - | Current | 13y 0m | |
Independent board member | - | Current | 8y 6m | |
Independent board member | - | Current | 11y 6m | |
Independent board member | - | Current | 4y 3m |
View details of Socure's Founder profiles and Board Members
Socure's employee count trend
Socure has 525 employees as of Mar 26. Here is Socure's employee count trend over the years:
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Socure's Competitors and alternates
Top competitors of Socure include Jumio, IDfy and M2P Fintech. Here is the list of Top 10 competitors of Socure, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Jumio 2010, Sunnyvale (United States), Acquired | Provider of AI-powered identity verification solutions | $196M | 77/100 | |
2nd | Provider of a platform for identity verification and risk management | $62.7M | 75/100 | ||
3rd | M2P Fintech 2014, Chennai (India), Series D | Provider of APIs enabling banking, lending, and payment financial services | $188M | 74/100 | |
4th | Quantexa 2016, London (United Kingdom), Series F | AI powered data and decision intelligence solutions | $546M | 72/100 | |
5th | Onfido 2012, London (United Kingdom), Acquired | Provider of identity verification solutions, including document and biometric authentication | $242M | 72/100 | |
6th |  WorkFusion 2010, New York City (United States), Acquired | Provider of robotic process automation and chatbot solutions to automate work processes | $411M | 71/100 | |
7th |  Truework 2017, San Francisco (United States), Acquired | Candidate background verification solution | $119M | 70/100 | |
8th |  HyperVerge 2014, Palo Alto (United States), Seed | Provider of end-to-end KYC software and identity verification solutions | $1M | 70/100 | |
9th | NICE Actimize 1999, Hoboken (United States), Acquired | Provider of AI-driven anti-money laundering and fraud detection solutions | $24M | 70/100 | |
10th | Cloud based KYC and AML management software | $181M | 70/100 | ||
28th |  Socure 2012, New York City (United States), Series E | Provider of AI based platform offering identity verification | $650M | 66/100 |
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Socure's Investments and acquisitions
Socure has acquired 2 companies including Effectiv and Berbix. Socure has not made any investments as of now.News related to Socure
Filter this listMedia has covered Socure for a total of 29 events in the last 1 year, 16 of them have been about company updates and 6 about partnerships.
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Socure Launches Payment Screening, Plaid Deal, OneID Pitches Privacy-Preserving IDVBiometricUpdate.com•Mar 31, 2026•OneID, Plaid, Socure
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Socure unveils Socure Launch for enterprise‑grade identity aimed at startupsBiometricUpdate.com•Mar 14, 2026•Socure
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Socure Named to Forbes Fintech 50 as the Top Startup Powering Identity and Risk InfrastructureBusiness Wire•Feb 27, 2026•Socure
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Bolt Partners with Socure to Enhance ID Verification PlatformPYMNTS.com•Feb 06, 2026•Bolt, Socure, Bolt.new
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Socure Launches SocureGov RiskOS® to Help Government Agencies Outpace FraudBusiness Wire•Feb 03, 2026•Socure
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Socure Joins WEF Unicorn Community to Prioritize Trusted Identity at Davos 2026BiometricUpdate.com•Jan 07, 2026•Socure
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Socure Promotes Matthew Thompson to President and CCO for Global ExpansionPYMNTS.com•Dec 11, 2025•Socure
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