Announcing our $30 Million Series A to make passwords a thing of the past

Stytch has announced it raised $30 million in Series A funding, led by Thrive, with participation from Coatue, Benchmark, and Index, alongside new angel investors. The company aims to eliminate the use of passwords by advancing passwordless authentication methods, citing the security risks and user frustrations associated with traditional password systems. Stytch provides a platform with APIs and SDKs that enable developers to integrate features such as email magic links, SMS passcodes, and one-click user invitations into their authentication flows, appealing to companies including Fortune 500 firms. The funding will enhance Stytch's offerings with new authentication options like mobile biometrics, WebAuthn, and OAuth logins, as well as expand user infrastructure features such as session management and fraud detection. Stytch is focused on modernizing authentication to improve user experiences while maintaining security, and the company is seeking additional talent to join its efforts.

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