• FOUNDING YEAR: 2012
    LOCATION:
    United States
    REGION:
    NY
    Last Update:
    17 Dec, 2018

Description

FOCUS

PRODUCTS & SERVICES:
Real time based multi factor authentication platform for businesses using social biometrics data.
MAIN CLIENTS:
Customers include a top 5 US bank, a top 5 global money transfer provider, a top 10 US card issuer and many of the leading digital banks, lenders and insurers.
COMMENT
The Socure Social Biometrics platform helps to combat the $48 billion in annual losses to businesses due to account takeover and identity-related fraud, with ID+ for consumer verification and perceive (Beta) for remote facial biometrics to enable real-time transaction verification.

PEOPLE

FOUNDERS:
Johnny Ayers, Sunil Madhu
Board Members and Advisors:
Gaurav Jain, Alessandro Piol, Dimitri Sirota
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
Abundance Partners, AlphaPrime Ventures, Anthiem Ventures, Archangel, Caerus Ventures, Empire Angels, ff Venture Capital, Flint Capital, Founder Collective, Santander InnoVentures, Two Sigma Ventures, Work-Bench, Commerce Ventures
KEY EMPLOYEES:
Sunil Madhu (CEO)

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$34.1 Millions
DATE OF LAST FUNDING:
Aug 2017
TOTAL FUNDING COMMENT:
The company intends to use the latest funds to scale sales and support operations, build out its infrastructure and drive market expansion.
FUNDING SERIES:
SERIES A
$4.7 Millions Closed: Oct 2014
SERIES B
$26.9 Millions Closed: Aug 2017
COMMENTS
SERIES A : Debt financing: $2.5 M(2015) SERIES B : Raised $13 M in December 2016 and $13.9 M in August 2017
LISTED:
NO

LATEST RESEARCH