Descope, an identity and access management provider, has secured an additional $35 million, bringing its total funding to $88 million. The company’s platform supports no-code/low-code identity management, helping organizations prevent account takeovers and adapt to the rising demand for AI agents and MCP servers. #Descope #IdentityManagement #Funding
Keypoints
- Descope specializes in no-code and low-code identity management solutions for various organizations.
- The company raised $35 million in a seed funding extension, with total funding reaching $88 million.
- Funding was provided by existing investors including Cerca Partners, Dell Technologies Capital, and others.
- Descope plans to invest in R&D for agentic identity and expand to new regions with increased hiring.
- The platform offers features to prevent phishing, credential stuffing, and manage multiple identities securely.
Read More: https://www.securityweek.com/descope-raises-35-million-in-seed-round-extension/