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Passwordless authentication startup Descope lands whopping $53M seed round

TechCrunch

Take Descope , for example, which today announced that it raised a whopping $53 million in seed funding for its “developer-first” authentication and user management platform. ” Why the large cash infusion — particularly large for a seed round — in a dev-focused startup, you might ask?

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Web3Auth secures $13M from Sequoia India to simplify crypto onboarding and authentication

TechCrunch

The current state of crypto onboarding is unwieldy and unnecessarily prolonged due to the seed phrase, a series of words created by the crypto wallet to regain access. The lengthy passwords that users are asked to store in a safe place can be a significant barrier to entry for non-technical users who are used to simple “forgot password?”

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How well did Israel’s cybersecurity industry do in 2022?

TechCrunch

Yuval Krigel is an associate at YL Ventures who focuses on deal sourcing, technological due diligence and providing value-add support to the firm’s portfolio companies. The repercussions of this spiral are evident in our 2022 analysis of funding and M&A data for the Israeli cybersecurity ecosystem.

Industry 232
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RxAll grabs $3.15M to scale its drug checking and counterfeiting tech across Africa

TechCrunch

Some technologies have helped deal with this menace; for instance, radio frequency identification, which works by assigning serial numbers to containers of each product. More modern approaches are being adopted these days, which is the case of RxAll , a startup using deep technology to provide quality medication to patients.

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Triaging modern medicine’s cybersecurity issues

The Parallax

Hackers often talk about practicing good “cybersecurity hygiene” : making sure that basic standards, such as using unique passwords for each log-in, are met. This breadth of information can be much more valuable on the black market—sometimes up to $30 per record—than the typical consumer financial profile , which sells for $10 to $12.

Security 189
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6 cybersecurity trends we’re thankful for

The Parallax

You might think of cybersecurity professionals as tech’s collective “ watchers on the wall ”—the guardians who let you know when doom is coming. With that perspective, you might find it hard to believe that hackers, security researchers, and other cybersecurity experts have much to be thankful for, or to look forward to.

Trends 189
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10 projects top of mind for IT leaders today

CIO

Tech services provider Logicalis found in its 2024 Global CIO Report that 89% of CIOs reported “actively seeking opportunities to incorporate AI capabilities into their companies,” making it the No. A committee reviews potential projects and expected returns, to ensure the company is pursuing impactful AI initiatives.