Development

$53M for every app to go passwordless

February 16, 2023
Descope

Passwords are so last year! California-headquartered Descope has just raised a $53M seed (yup, you read that right) co-led by Lightspeed Venture Partners and GGV Capital.

Founded last April, they help developers build secure and seamless authentication and logins for any application — without any passwords!

  • Big yikes. Passwords are the top cause of security breaches.

Investor check. Unusual Ventures, Dell Technologies Capital, Cerca Partners, Tech Aviv, J Ventures and Silicon Valley CISO Investments also joined in!

❌ Passwords suck

Apart from being a major security risk, passwords can also be a pain for users — leading to bad experiences and users leaving.

And yes, going passwordless is one solution. (I mean, look at how quick and seamless it is whenever you login through Face ID!).

  • Already making the move. Over 66% of smartphone users are expected to use device-native biometrics (think Face ID and fingerprint scans) instead of passwords by 2024.

😎 Why it matters

Even if you want to add passwordless authentication to your B2C or B2B apps, developers don't have any quick or simple tools to implement and manage it.

Here's where Descope comes in! It's more than just helping you launch add passwordless authentication.

  • You'll supercharge user adoption and conversion, speed up time to market, prevent cyberattacks and save developers' time.
  • Instead of building, updating and maintaining authentication and user management, your developers can focus on what actually moves the needle.

💻 How it works

Launch any kind of passwordless login in minutes. Add magic links, biometrics, OTPs, social logins, authenticator apps or SAML SSO as authentication methods fast.

  • How? Their no-code (drag-and-drop editor) and low-code (SDKs) tools and APIs!

Bye bye, cybercrime. Implement multi-factor authentication, detect bots, protect users from account takeover and more!

  • Prevent cybercrime and keep everyone safe.

Manage it all like never before. Manage users, tenants and access control without the hassle.

🚀 What's next

They'll be leveling up their product, investing in research and supporting open-source initiatives around authentication, authorization and user management.

  • They're also looking to explore opportunities in SEA!

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