The Capital One, Synchrony Financial, Santander, Citi and Wells Fargo-backed identity confirmation software provider’s latest funding valued it at $4.5bn.

US-based, corporate-backed identity authentication technology developer Socure secured $450m in series E funding yesterday at a $4.5bn valuation.

Venture capital firm Accel and funds and accounts advised by asset manager T Rowe Price co-led the round, which included Bain Capital Ventures, Commerce Ventures, Scale Venture Partners, Sorenson Ventures and Tiger Global Management.

Founded in 2012, Socure has built an artificial intelligence and machine learning-equipped predictive analytics tool that helps organisations check users’ identities through online and offline data such as…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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