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With Password Security Giving Way To Passwordless, Descope Raises $53M

Feb 15, 2023almost 3 years ago

Amount Raised

$53 Million

Los Altosinformation technology & servicesSoftware

Investors

StytchGgcv CapitalLightspeed Venture Partners

Description

Check out all the on-demand sessions from the Intelligent Security Summit here.

Company Information

Company

Descope

Location

101 1st St

Los Altos, California, United States

About

Descope is a drag & drop platform to help organizations manage all their external identity journeys. Our no-code / low-code solution helps organizations create, modify, and secure authentication and authorization journeys for end users, business customers, partner applications, AI agents, and MCP servers. Hundreds of businesses use Descope to improve customer experience, prevent account takeover, and get a 360-degree view of their customer and agentic identities.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech