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To eliminate friction on the internet while improving security.
Passwords don’t typically offer the levels of security they once did, and we need more of them than ever - leading to poor security practices and a huge volume of subsequent data breaches. Some startups have emerged to help manage them; Stytch, however, is part of a growing cohort looking to cut them out entirely.
The idea is to make navigating digital space frictionless. To this end, Stytch has developed an out-of-the-box, easy-to-deploy version of about a dozen passwordless authentication solutions. It has seen a sharper increase in users and funding than rival startups like Magic, which it puts down to an API-first product, which is less limiting in its application than the widgets we’ve seen developed by earlier entrants to the space.
That alone, however, won’t be enough to push it ahead of other highly successful innovators in the space. Transmit Security has received record-breaking backing for its biometrics-led approach. This goes to show how far the market is betting on a passwordless future, and whilst Stytch’s line of attack is successful, it will nevertheless need to remain sharp in its development of new solutions.
Steph
Company Specialist at Welcome to the Jungle
Nov 2021
$90m
SERIES B
Jul 2021
$30m
SERIES A
This company has top investors
Previously an Associate Consultant with Bain & Company, before moving into a Product Manager role at Plaid.
Julianna Lamb
(CTO)A Stanford Computer Science grad, who went on to work as a Software Engineer at Strava and Plaid before becoming a Very Good Security Product Manager.
Software Engineering
Sales & Account Management