Socure, a company that uses AI and machine learning to verify identities, announced today that it raised $450 million in funding for its Series E round led by Accel and T. Rowe Price.
The round brings the company’s valuation to $4.5 billion, up from $1.3 billion this March when it raised $100 million for its Series D. Its new valuation makes Socure the highest-valued private company in the identity verification space, according to the company.
Bain Capital and Tiger Global joined the round as new investors. Existing investors Commerce Ventures, Scale Venture Partners and Sorenson Ventures also participated. The round brings its total funding raised to $646 million since it was founded in 2012.
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