Socure revenue hit $46.5M in 2023
Socure generates revenue from 300 customers
Socure
885 Tahoe Blvd. , Suite 11, Incline Village, Nevada, 10001, United States
How Socure hit $46.5M revenue and 300 customers in 2022.
Socure is a privately-held American company that provides digital identity verification solutions to enterprises. The company was founded in 2012 and is based in New York City. Its platform uses artificial intelligence and machine learning algorithms to analyze a wide range of data sources and verify the identities of individuals in real-time. Socure's solutions are used by a variety of industries, including financial services, healthcare, e-commerce, and telecommunications, to prevent fraud, reduce risk, and improve customer onboarding processes.
2012
Founded
$46.5M
2022 Revenue
YOY
$741.9M
Funding
Socure Revenue
In 2022, Socure revenue run rate hit $46.5M in revenue.
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2022
Socure hit $46.5M in revenue in 2022
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2021
Socure hit $36.2M in revenue in 2021
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2020
Socure hit $16.1M in revenue in 2020
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2012
Socure launched in 2012 with $0 revenue
Socure Funding History
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2021 Series E
Socure raised a Series E of $450M at a $4.5B valuation in November, 2021
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2021 Venture Round
Socure raised a Venture Round of $0 in June, 2021
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2021 Series D
Socure raised a Series D of $100M at a $1.3B valuation in March, 2021
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2020 Series C
Socure raised a Series C of $35M at a $100M valuation in August, 2020
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2019 Series C
Socure raised a Series C of $30M in February, 2019
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2017 Series B
Socure raised a Series B of $13.9M in August, 2017
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2017 Series B
Socure raised a Series B of $0 in July, 2017
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2016 Series A
Socure raised a Series A of $13M in December, 2016
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2015 Series A
Socure raised a Series A of $0 in December, 2015
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2015 Debt Financing
Socure raised a Debt Financing of $2.5M in August, 2015
| FUNDING DATE | ROUND | AMOUNT | VALUATION |
|---|---|---|---|
| November, 09 2021 | Series E | $450M | $4.5B |
| June, 03 2021 | Venture Round | $0 | - |
| March, 16 2021 | Series D | $100M | $1.3B |
| August, 25 2020 | Series C | $35M | $100M |
| February, 28 2019 | Series C | $30M | - |
| August, 09 2017 | Series B | $13.9M | - |
| July, 24 2017 | Series B | $0 | - |
| December, 13 2016 | Series A | $13M | - |
| December, 01 2015 | Series A | $0 | - |
| August, 04 2015 | Debt Financing | $2.5M | - |
Team
Socure has 501 total employees and 72 sales reps that carry a quota. They have 300 customers an engineering team of 153 and a marketing team of 26.
| DISTRIBUTION | QTY |
|---|---|
| Total team size | 501 |
| Engineer | 153(31%) |
| Sales | 72(14%) |
| Marketing | 26(5%) |
Founder / CEO
Johnny Ayers
Johnny Ayers is the Co-Founder & CEO at Socure.
Q&A
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Customers
Socure has 300 customers.
Lifetime Months
-
x
Monthly ARPU
$12.9K
=
Lifetime Dollar
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Acquisition Cost
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Average Annual Price
$155.1K
Socure Executives
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Johnny Ayers | CEO | - | - |
Socure Employees
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Johnny Ayers | CEO | - | - |
Socure Board of Directors
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Pavlo Protopapa | Board Member | - | - |
| Johnny Ayers | Board Director | johnny@socure.com | - |
| John Locke | Board Member | jlocke@accel.com | - |
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Frequently Asked Questions about Socure
When was Socure founded?
Socure was founded in 2012.
How much revenue does Socure generate?
Socure generates $46.5M in revenue.
Who is the CEO of Socure?
The CEO of Socure is Johnny Ayers.
How much funding does Socure have?
Socure raised $741.9M.
How many employees does Socure have?
Socure has 501 employees.
Where is Socure headquarters?
Socure is headquartered at 885 Tahoe Blvd. , Suite 11, Incline Village, Nevada, 10001, United States
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