Founded Year

2012

Stage

Series E | Alive

Total Raised

$648.25M

Valuation

$0000 

Last Raised

$450M | 6 mos ago

Revenue

$0000 

Mosaic Score

+10 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About Socure

Socure specializes in Day Zero digital identity verification technology. Its predictive analytics platform applies AI and ML techniques with trusted online/offline data intelligence from email, phone, address, IP, device, velocity, and the broader internet to verify identities instantly.

Socure Headquarter Location

330 7th Avenue Suite 201

New York, New York, 10001,

United States

866-932-9013

ESPs containing Socure

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER
Fintech / Cybersecurity

Solutions to help banks comply with anti-money laundering regulations include products like identity verification, biometrics, due diligence, risk assessments, and activity monitoring.

Socure named as Challenger among 8 other companies, including Onfido, Jumio, and Quantexa.

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Socure's Products & Differentiation

See Socure's products and how their products differentiate from alternatives and competitors

  • Sigma Synthetic Fraud

    Sigma Synthetic Fraud provides a model trained exclusively to predict synthetic identities. It is purpose-built and trained with consortium data from the largest financial institutions to tackle targeted fake, randomized, and synthetic patterns to produce highly accurate real-time actionable reason codes and risk scores.

    Differentiation

    The solution achieves auto-capture of over 90% of synthetic ID fraud in the riskiest 3% of users, at enrollment and within existing customer portfolios. 

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    Differentiation

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

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    Differentiation

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

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    Differentiation

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Expert Collections containing Socure

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Socure is included in 10 Expert Collections, including Unicorns- Billion Dollar Startups.

U

Unicorns- Billion Dollar Startups

1,112 items

R

Regtech

1,341 items

Technology that addresses regulatory challenges and facilitates the delivery of compliance requirements in FIs. Regulatory technology helps FIs and regulators address challenges ranging from traditional compliance and risk management to data reporting and transmission.

F

Fintech 250

748 items

A

AI 100

99 items

P

Payments

1,949 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

B

Banking

380 items

Startups providing solutions to banks to automate processes and operations.

Socure Patents

Socure has filed 13 patents.

The 3 most popular patent topics include:

  • Payment systems
  • Identity theft
  • Social networking services
patents chart

Application Date

Grant Date

Title

Related Topics

Status

4/12/2021

3/8/2022

Machine learning, Payment systems, Fraud, Data management, Data mining

Grant

Application Date

4/12/2021

Grant Date

3/8/2022

Title

Related Topics

Machine learning, Payment systems, Fraud, Data management, Data mining

Status

Grant

Latest Socure News

Biometrics providers continue to bring leadership talent in (or back)

May 14, 2022

May 13, 2022, 6:49 pm EDT Jumio, Socure, Veriff, OCR Labs, and SITA have each taken on new talent, including three c-suite executives and two regional sales leaders. Taken collectively, the hires could be seen as an indication of biometrics providers’ recruiting power within a highly competitive market. Jumio taps new CFO amid high growth Jumio has brought Susan Walker onboard as chief financial officer, adding experience in financial strategy with scaling technology companies as it marks elevated business growth. “Jumio is entering a new phase of growth and development and we are delighted to welcome Susan at such a critical moment in the company’s evolution,” comments Robert Prigge, CEO of Jumio. “Susan’s experience in leading financial strategy in scaling technology organizations will support our high-velocity goals.” Prior to her role at Jumio, Walker was most recently CFO at enterprise data loss prevention company Digital Guardian. She also served as CFO at Telestream, Avention, and Novell, and vice president of finance and corporate strategy at Aspen Aerogels in a career spanning over 20 years. Jumio showed strong business results in April with sales growth for its face biometrics identity proofing service leaping above 140 percent  in the first quarter of 2022. It also hired Stuart Wells as its new chief technology officer and opened its Innovation Lab in San Diego. Socure brings on new CISO to promote security and trust Socure has announced the appointment of Chad Kalmes as its new CISO to direct its strategy and operations across the security, technology, and risk and compliance functions and help foster a culture of security and trust within the company. Kalmes brings over 20 years of experience in the information technology and security industries, serving senior roles at Protiviti, MobiTV, Optimizely, Twilio, and most recently, vice president of technology and risk at PagerDuty. His role at Socure will entail leadership with the company’s security and compliance strategy for its Socure ID+ selfie biometrics platform and collaborate with the product and engineering teams to implement best practices, principles and policies into the product development process, according to a company announcement. “Knowing exactly who it is that you’re transacting with is critical to building trust in the digital economy – and Socure is the proven gold standard for enabling businesses to achieve just that,” Kalmes says. “It’s an honor to join the market leader during such a phenomenal growth period, and I look forward to continuously elevating Socure’s cybersecurity capabilities and to redefine the underlying standards and frameworks driving today’s digital economy.” Kalmes joins Brendan Peter , the vice president of government relations, as one of Socure’s executive hires in 2022. Veriff adds Qualtrics, Google veteran as marketing head Veriff  has appointed Caroline Mogford as chief marketing officer to lead global demand generation for its selfie biometrics and identity verification, and increase brand awareness. Mogford’s experience spans over five years as head of marketing for Google’s Maps for Business in Europe, Middle East and Africa (EMEA), and Google for Education. She served executive marketing roles at Qualtrics before being hired by Veriff. “I believe that Veriff has the best ID verification technology — whether to ensure that your children are safe online playing video games, or that your taxi driver is who they say they are. This is something that should make all of our lives safer and easier,” says Mogford. Kaarel Kotkas, founder and CEO of Veriff, says, “Caroline brings a proven track record for helping companies — and individuals — to successfully scale. She will play a critical role in helping further strengthen Veriff’s position in the U.S. market and lead Veriff’s adoption in new markets.” Veriff raised $100 million in a funding round in January  with the intent to support global growth and support research and development to expand Veriff’s product portfolio. OCR Labs recruits new EMEA sales director OCR Labs has recruited Adam Desmond  as sales director for the EMEA region following an earlier fundraising round held to propel its global growth. Desmond brings significant experience in the biometrics industry, having previously served at GBG , including managing the acquisition of the IDscan solution, and as country manager at Mitek Systems  to support growth with UK banks. He will manage a dedicated EMEA sales team in industries like financial services, gaming, insurance, and telcoms. OCR Labs raised $30 million in February in part to support its EMEA market expansion . “I’ve watched OCR Labs for the past five years and have always respected the product and team,” says Desmond. “The market is shouting out for the solution OCR Labs offers, with a fully automated global solution. It’s an exciting and busy time to join the company as they look to scale quickly in EMEA, and I relish the challenge of leading sales and growing a team across all regions and sectors.” SITA books new Americas president to lead digitization Matthys Serfontein, who previous served as an executive at SITA , returns from a two-year hiatus to take on the role of president, Americas to ensure that digitization of the air transport industry can take flight. Serfontein was the president of air travel solutions and regional vice president for airport solutions in Africa at SITA, and held senior management positions at Airports Company South Africa, e.Airports, and OSI Airport Systems. He says about his new role, “As travelers return to the skies, our customers are eyeing digitalization as the key to returning to growth while meeting the new expectations of today’s passenger. With its innovative portfolio, SITA is uniquely positioned to support them. SITA has been, and continues to be, a trusted partner to the industry, and I look forward to this new opportunity to build on our exciting partnerships with customers in the Americas.” With the increasing digitization of air travel and air transport, SITA has praised Apple’s digital ID, aviation industry biometrics, and digital health passes as the changes making permanent digital ID possible in the industry . Its Air Transport IT Insights 2021 report expects a return to growth in 2022 after the turmoil of the COVID-19 pandemic, with biometric boarding, health passes, and airport biometrics to become more popular in the near future.

Socure Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Socure Rank

  • When was Socure founded?

    Socure was founded in 2012.

  • Where is Socure's headquarters?

    Socure's headquarters is located at 330 7th Avenue, New York.

  • What is Socure's latest funding round?

    Socure's latest funding round is Series E.

  • How much did Socure raise?

    Socure raised a total of $648.25M.

  • Who are the investors of Socure?

    Investors of Socure include Commerce Ventures, Scale Venture Partners, Sorenson Ventures, T. Rowe Price, Bain Capital and 19 more.

  • Who are Socure's competitors?

    Competitors of Socure include Nymi, Cognito, Acuant, Drata, Laika, Persona, Diamond Fortress Technologies, SentiLink, Smile Identity, Orum and 30 more.

  • What products does Socure offer?

    Socure's products include Sigma Synthetic Fraud and 3 more.

  • Who are Socure's customers?

    Customers of Socure include Chime, Varo Money, Public, Stash and DraftKings.

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