Descope has raised a $53M Seed funding round to enable businesses to provide passwordless authentication.
The company offers a suite of APIs that developers can deploy within minutes.
- The
company offers a suite of APIs that developers can deploy within
minutes to enable e-commerce businesses to use passwordless
authentication.
- Passwordless authentication is considered to be
the next major evolution in login credential security, as passwords
have consistently proven to be the weakest link hackers have breached
for decades during their hacking campaigns.
- Lightspeed Venture
Partners and GGV Capital led the funding round, with participation
from Dell Technologies Capital, TechAviv, J Ventures, Cerca, Unusual
Ventures, and Silicon Valley CISO Investments.
- The company aims
to use this funding round to outsource several aspects of its software
development that would make its workflow more efficient.
