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Socure Secures Venture Capital Debt

Wednesday, July 29, 2015 5:46:00 AM PDT | VentureDeal
   New York, New York  --  Security technology company Socure has landed $2.3 million in new venture capital debt investment, according to an SEC regulatory filing.

Socure has combined an artificial intelligence system with proprietary machine learning algorithms and social behavior analysis to do a better job of identifying users.

It refers to the system as Social Biometrics.

Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.

Socure is still seeking $200,000 in additional debt financing, according to the filing.

Company CEO Sunil Madhu founded Socure in 2012.

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