Descope, the drag-and-drop external IAM platform, has closed an extension of its seed financing round, securing an additional $35m. The new funding brings its total raised to $88m since its launch.
The extension round was made available only to existing investors, with participation from Notable Capital, Lightspeed Venture Partners, Dell Technologies Capital, Unusual Ventures, Cerca Partners, and Triventures.
Founded in 2022 by a team of cybersecurity entrepreneurs, Descope provides a no-code and low-code IAM platform that allows organisations to build and manage user identity journeys. The company was started by the same team that founded Demisto, a security orchestration business later acquired by Palo Alto Networks.
The firm plans to channel the new funds into research and development, particularly in agentic identity, while also expanding its geographical footprint. Additional investment will go towards scaling the engineering, product, and customer experience teams.
Alongside the funding announcement, Descope revealed the launch of an advisory board composed of customers, partners and industry leaders. Members include senior figures from GoFundMe, Databricks, GoodRx, MongoDB, and You.com, who will help guide product strategy and development.
Since emerging from stealth in February 2023 with $53m in seed funding, Descope has grown rapidly. It now serves thousands of organisations worldwide, helping tens of thousands of developers and managing hundreds of millions of digital identities. The platform is already used across industries such as healthcare, financial services, ecommerce, AI, and cybersecurity.
Descope CEO Slavik Markovich said, “It has been a pleasure scaling the startup mountain once again, and we haven’t even reached base camp yet. We’re very grateful for the trust our customers and the developer community have placed in Descope, the guidance and partnership of our investors, and the relentless grit and execution of the Descope team. We look forward to the climb ahead and getting closer to our vision of ‘descoping’ authentication and identity management from every developer’s daily work.”
Notable Capital managing partner Oren Yunger said, “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. We’re excited to support Slavik and the team on their journey to simplify and secure identity journeys for organizations that no longer want to be trapped by time-consuming home-grown builds or legacy CIAM implementations.”
Descope’s earlier seed raise in 2023 brought in $53m, which supported the company’s launch from stealth and early growth.
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