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Descope raises $53M

Descope, a company that provides an authentication platform for app developers, has raised $53 million in seed funding.

The investment was led by Lightspeed Venture Partners and GGV Capital, with participation from Unusual Ventures, Dell Technologies Capital, Cerca Partners, Tech Aviv, J Ventures, and Silicon Valley CISO Investments (SVCI).

The round also includes individual investors including George Kurtz, John Thompson, Bipul Sinha, and Assaf Rappaport.

Just in

Gordon Bell, an architect of our digital age, dies at age 89 — Ars Technica

Computer pioneer Gordon Bell, who as an early employee of Digital Equipment Corporation (DEC) played a key role in the development of several influential minicomputer systems and also co-founded the first major computer museum, passed away, writes Benj Edwards in Ars Technica. 

Amazon plans to give Alexa an AI overhaul — and a monthly subscription price — CNBC

Amazon is upgrading its decade-old Alexa voice assistant with generative artificial intelligence and plans to charge a monthly subscription fee to offset the cost of the technology, writes Kate Rooney in CNBC.

Scale raises $1B

San Francisco-based data foundry startup Scale has raised $1 billion in a Series F financing round, pegging the company at a $13.8 billion valuation.