Blog | G5 Cyber Security

Socure raises $100M to expand across the digital identity market and boost product innovation

Socure announced a $100 million Series D round of funding led by Accel, with participation from existing investors Commerce Ventures, Scale Venture Partners, Flint Capital, Citi Ventures, Wells Fargo Strategic Capital, Synchrony, Sorenson, Two Sigma Ventures, and others. The new financing will support Socure’s rapid expansion across every consumer-facing vertical including online gaming, healthcare, telco, e-commerce, and on-demand services. The U.S. digital identity market is projected to increase from just under $15 billion in 2019 to over $30 billion by 2023.

Source: https://www.helpnetsecurity.com/2021/03/18/socure-funding/

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