Descope, a Tel Aviv, Israel- and Los Altos, CA-based code authentication company, raised $53M in seed funding.
The round was led by Lightspeed Venture Partners and GGV Capital, with participation from Unusual Ventures, Dell Technologies Capital, Cerca Partners, Tech Aviv, J Ventures, Silicon Valley CISO Investments, George Kurtz, John W. Thompson, Bipul Sinha, and Assaf Rappaport.
The company intends to use the funds to expand operations and its business reach.
Founded in 2022 and led by CEO Slavik Markovich, 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 integrations 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 allows organizations to:
- Create authentication flows and user-facing screens using a visual workflow designer.
- Add a variety of passwordless authentication methods to apps such as magic links, biometrics (based on WebAuthn), authenticator apps, and social logins.
- Validate, merge, and manage identities across the user journey.
- Get business apps enterprise-ready with single sign-on (SSO), access control, tenant management, and automated user provisioning.
- Prevent account takeover fraud, session theft, credential stuffing, and bot attacks on login pages.
- Enhance user protection by easily enabling multiple factor authentication (MFA), step-up, or biometric authentication within applications.
FinSMEs
15/02/2023