Layoff
Jun 2022Socure laid off 69 employees, approximately 13% of its workforce, primarily in marketing, sales and HR, amid slowing fintech growth and pressure to reach sustainable cash flow.
SourceCompany research
Public company, workplace, funding, and market signals
Updated Aug 5, 2026
Overview
Socure is a privately held AI company providing identity, fraud, compliance and risk-decisioning infrastructure for digital interactions. Its stated mission is to verify good identities and eliminate identity fraud; it serves 3,000+ organizations across financial services, government, gaming, marketplaces, healthcare, telecom, e-commerce and workforce use cases.
Primary product
RiskOS®—an AI-native, vertically integrated identity and risk decisioning platform combining identity verification, business/KYB verification, age assurance, fraud prevention, sanctions/AML screening, authentication and credit/risk workflows through one decision layer/API.
Founded
2012
Headquarters
Incline Village, Nevada, United States
Team size
400–500 (third-party LinkedIn company/profile estimate; official site describes a distributed workforce and talent hubs)
Work style
Hybrid
Industry
Artificial intelligence / enterprise software
Sub-industry
Digital identity verification, fraud prevention, regtech and risk decisioning
Offices
San Francisco, California
Seattle, Washington
New York, New York
Washington, DC
Miami, Florida
London, United Kingdom
Chennai, India
Bangalore, India
Hyderabad, India
Business model
B2B enterprise SaaS
API-based identity and risk decisioning
Funding
Stage
Late-stage private / generating revenue
Total raised
$743.3M
Latest round
Unattributed VC · Jun 2023
Jun 2023 · Liquid 2 Ventures
Mar 2023 · J.P. Morgan, KeyBanc Capital Markets and Silicon Valley Bank
People & investors
Leadership
Founder & CEO
Chief AI & Innovation Officer; previously Chief Product & Analytics Officer
Chung-Man Tam
Chief Product Officer
Work & culture
The careers material emphasizes impact over hours at a desk, customer focus, collaboration, high standards in regulated and technically difficult markets, continuous learning, inclusion and globally distributed teamwork.
Work style
Hybrid
Compensation
Official careers information indicates market-competitive base salary, performance bonuses, equity for full-time employees and 401(k) matching. Individual job postings may specify location and eligibility; no company-wide compensation bands or sponsorship policy was established.
Benefits
Medical, dental and vision insurance
Mental-health support
Life and disability insurance
FSA and HSA plans
Flexible PTO
Paid parental leave for all parents
Professional-development stipend
Hackathons and internal mobility
Equity for all full-time employees
401(k) with company match
Work-from-home stipend
Deskpass/flexible coworking access
Team offsites
Product & market
Pricing
Primarily enterprise quote-based SaaS/API pricing; public evidence also indicates a newer self-serve/startup offering with pay-as-you-go platform credits. No general public rate card found.
Differentiators
- —Large identity graph and historical outcomes dataset
- —Vertically integrated identity, fraud, compliance and risk decisioning
- —Real-time, continuous decisioning across the customer lifecycle rather than one-time KYC
- —Broad online/offline data coverage and AI/ML models
- —Single API and workflow layer across consumer, business, workforce, age and payment-risk use cases
- —High enterprise and public-sector penetration, including major banks and government agencies
- —Developer-oriented workflows and comparatively rapid deployment
Scale & contact
Estimated revenue
$300M–$350M annual recurring revenue / revenue run-rate (public company-reported Q1 2026 total ARR exceeded $340M; older third-party estimates are lower and should be treated as stale)
Signals & risks
Acquisition
Jun 2023Acquired Berbix for $70 million in cash and stock, expanding identity-verification capabilities.
SourceAcquisition
Oct 2024Announced a $136 million acquisition of Effectiv, adding real-time risk decisioning, payments fraud, credit underwriting and AML transaction-monitoring capabilities.
Latest news
Biometric Update · Apr 2026
Independent coverage of Socure’s Q1 2026 ARR, public-sector growth, 2025 bookings and expansion into age, workforce and marketplace risk.
Socure · Apr 2026
Socure reported more than $340M total ARR, 62% year-over-year new ARR growth, $31M+ new bookings and 134% net dollar retention across 3,000+ customers.
Business Wire · Dec 2025
Socure acquired Qlarifi to combine real-time BNPL repayment data with its Identity Graph and RiskOS for underwriting and first-party-fraud prevention.
Socure · Apr 2025
Socure’s company news page identifies FedRAMP authorization as a significant 2025 milestone supporting government adoption.
Open Positions
93 jobs at Socure
Head of Growth Engineering
Remote
Marketing
Hybrid - US
1d ago
Remote
Full-time