Passwordless authentication startup Descope lands whopping $53M seed round


Although access to capital may be more difficult now than it once was in startup land, some businesses are actively defying the trend. Consider Descope, which recently said that it has secured a staggering $53 million in initial investment for its “developer-first” user management and authentication platform. Moreover, Dell Technologies Capital, TechAviv, J Ventures, Cerca, Unusual Ventures, Silicon Valley CISO Investments, CrowdStrike CEO George Kurtz, and Microsoft Chairman John W. Thompson made personal investments. The funding was provided by Lightspeed Venture Partners and GGV Capital. Slavik Markovich, co-founder and CEO of Descope, states that it will be put to use to expand Descope’s product capabilities, invest in research, and support open source projects for user management, authentication, and authorization.

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