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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.

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ModernFi, a company that operates a tech-enabled marketplace that allows banks to exchange deposits on demand, has raised $4.5 million in seed funding.

Yobi raises $2.37M

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