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Socure announces a $ 4.5 billion valuation after oversubscribing a $ 450 million round

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SocureDigital identity verification and fraud solution providers for the gaming and other sectors have been significantly oversubscribed with $ 4.5 billion in valuations from many of the world’s fastest growing equity and public market investors. Announced a $ 450 million funding round.

The company has a big presence in December SBC Summit North AmericaAchieved a valuation just seven months after the $ 1.3 billion Series D, backed by a 500% year-over-year increase in bookings and nearly $ 1 billion in investment demand. By doing so, we have the highest reputation as a private company in the field of identity verification.

“This round is part of Accel-led Series E trading, along with funds and accounts advised by T Rowe Price Associates Inc. We are also two new and existing investors, Bain Capital Ventures and Tiger Global. Also includes participation in Commerce Ventures, Scale. Venture Partners, and Sorenson Ventures.

Socure significantly accelerates investment in product innovation, addresses identity verification challenges across digital consumer journeys, penetrates new markets, including the public sector, and is the world’s best product, data science, and engineering team. Continue to attract and maintain. ..

With this capital, the company maximizes customer consortium data and the size and intelligence of a fully automated ID + platform to prevent third-party and synthetic fraud, as well as address payment and first-party fraud risks. , Achieve world-class self-service. Service analysis function.

Johnny Ayers, Founder and CEO of Soccer, said:

“With this additional capital, we maintain the spirit of the founder of Day 0 and continue to attract the spirit of the best products, data science and engineering on the market, while at the commercial speed to solve complex customer and social problems. Greatly improves the level of strength. Already an incredibly talented team.

“We have a mission to verify 100% good identity and eliminate fraud on the Internet, while maintaining the highest quality standards and solidifying Focus as the best performing company in the industry. Continue to focus on. “



Socure announces a $ 4.5 billion valuation after oversubscribing a $ 450 million round

Source link Socure announces a $ 4.5 billion valuation after oversubscribing a $ 450 million round

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