Descope Secures $35M to Revolutionize IAM: The No-Code Identity Overhaul
Descope, the identity and access management provider, has secured an additional $35 million in seed funding, bringing its total to $88 million. With a no-code/low-code platform, Descope aims to tackle the customer identity and authentication market, all while ensuring that identity management is as easy as pie… or at least as easy as managing pies.
Hot Take:
If identity theft is a crime, then Descope is the new sheriff in town, rolling up with $35 million more in its saddlebag to lock up bad actors and keep your digital doppelgangers in check. Yeehaw! With this hefty sum, the IAM provider is not just raising funds; it’s raising eyebrows and setting a new standard for identity management – no cowboy boots required.
Key Points:
- Descope secured an additional $35 million in seed funding, totaling $88 million.
- Investors include Cerca Partners, Dell Technologies Capital, and Lightspeed Venture Partners.
- The company offers a no-code/low-code IAM platform to prevent account takeovers.
- Descope’s solution is utilized by organizations globally across various industries.
- New funds will support research, expansion, and hiring in key company areas.
Already a member? Log in here