The 10 Hottest Cybersecurity Startups In 2023 (So Far)
Startups with innovative new tools for securing the cloud, applications and authentication are among those that have stood out from the pack during the first half of this year.
CEO: Slavik Markovich
In February, Descope raised $53 million in seed funding led by Lightspeed Venture Partners and GGV Capital, while also announcing the debut of its tool for enabling developers to more easily integrate passwordless authentication into applications. Other investors include CrowdStrike co-founder and CEO George Kurtz and Rubrik co-founder and CEO Bipul Sinha.
Descope has a total of eight founders, all of which were key players at Demisto — a security orchestration, automation and response (SOAR) vendor that was acquired by Palo Alto Networks for $560 million in 2019.
The startup brings a focus on allowing for easier connections into the passwordless systems such as “passkeys” that are now supported by devices and platforms from major vendors including Apple, Microsoft and Google. The Descope tool is available through both free and paid versions, with higher user counts and other capabilities offered by the paid version.
While it’s very early for the company, Slavik Markovich, co-founder and CEO at Descope, said that the company expects to explore bringing the technology to market through partners down the road. “There are going to be partnerships to help us get to both customers and the large dev shops,” he said.