Descope, a developer-first authentication and user management platform startup, has raised $53m in a seed funding raise.
The round was led by Lightspeed Venture Partners and GGV Capital and saw participation from Unusual Ventures, Cerca Partners, Silicon Valley CISO Investments, Dell Technologies Capital, Tech Aviv and J Ventures. A range of angel investors also took part.
Descope enables developers to add authentication, user management, and authorization capabilities to consumer and business applications with a few lines of code.
The platform offers different integration flavors based on developer preferences – from no/low code to well documented SDKs and APIs – to make it easier to deploy, maintain, and update user journeys across the application lifecycle.
Descope’s authentication and user management platform aims to make building passwordless authentication easy and intuitive. The platform allows organisations to create authentication flows and user-facing screens using a visual workflow designer, seamlessly add a variety of passwordless authentication methods to apps such as magic links, social logins and biometrics.
The platform also validates, merges and manages identities across the user journey, get business apps enterprise-ready with single sign-on, access control and tenant management, enhance user protection and prevent account takeover fraud, bot attacks on login pages and session theft.
Descope CEO and co-founder Slavik Markovich said, “What my founding team and I have learned from years of experience is that authentication is never finished for any application. We have built authentication and user management in-house for both business and consumer apps in our past lives.
“Every time, what started out as a sprint line item turned into a multi-year investment, taking our focus away from what we were meant to do. Our vision is to “de-scope” authentication from every app developer’s daily work, so they can focus on business-critical initiatives without worrying about building, maintaining, or updating authentication.”
Oligo Security, an application security and observability platform, has raised $28m after coming out of a stealth period.
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