Descope Raises $35 Million in Seed Round Extension

01/10/2025

Identity and access management (IAM) provider Descope has announced raising $35 million in a seed funding extension that brings the total raised by the company to $88 million.

The cash infusion came from existing investors Cerca Partners, Dell Technologies Capital, Lightspeed Venture Partners, Notable Capital, Triventures, and Unusual Ventures.

Founded in 2022, the Los Altos, California-based startup landed a large $53 million seed funding round in 2023, aiming to disrupt the customer identity and authentication market.

Descope provides a no-code / low-code external IAM platform that supports user, business customer, partner application, and AI agent identity management, delivering comprehensive visibility and preventing account takeover.

The solution enables organizations to add new identities through visual workflows that support both the frontend experience and backend logic, to easily manage, merge, and sync identities, and add security controls to prevent phishing and credential stuffing attacks.

Descope says its solution is used by hundreds of organizations of all sizes across multiple industries in the Americas, EMEA, and APAC regions.

The startup will invest the new funds in agentic identity research and development, and plans to expand to new regions and hire more talent across its engineering, customer experience, and product teams.

“The rise of AI agents and MCP servers requires a security rethink with identity at its center. Descope is already establishing itself as a force in the customer identity market, with innovation and product velocity that have laid the groundwork for it to become the go-to identity provider for AI agents and MCP server ecosystems as well,” Notable Capital managing partner Oren Yunger said.

Related: Unit 221B Raises $5 Million for Threat Intel Aiding Hacker Arrests

Related: SafeHill Emerges from Stealth With $2.6 Million Pre-Seed Funding

Related: Mondoo Raises $17.5 Million for Vulnerability Management Platform

Related: HoundBytes Launches Automated Security Analyst

Source: securityweek.com

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