Stytch

Stytch

Identity platform for authentication solutions

About

Stytch offers a platform for developers that specializes in identity and authentication solutions, including Single Sign-On (SSO), device fingerprinting, and bot protection. It provides an API that allows businesses to create customized authentication flows and also offers Software Development Kits (SDKs) for building user interfaces. Stytch differentiates itself with a scalable pricing model that grows with its clients, ensuring they can maintain the same provider as they expand. The company's goal is to be a comprehensive and reliable solution for all authentication and security needs.

Company Stage

Series B

Employees

51-200

Industries

Enterprise Software, Cybersecurity

Total Funding

$146.3M

Headquarters

N/A

Founded

2020


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Simplify's Take

What believers are saying

  • Stytch's recent $90M funding round from Coatue highlights strong investor confidence and potential for growth.
  • The launch of B2B authentication solutions expands their market reach, offering new revenue streams and business opportunities.
  • Recognition as a Built In Best Places to Work award winner indicates a positive work environment and strong company culture.

What critics are saying

  • The competitive landscape in authentication and cybersecurity is intense, with rivals like Descope raising significant funds.
  • The complexity of integrating new features like passkeys and B2B authentication could lead to technical challenges and delays.

What makes Stytch unique

  • Stytch offers a comprehensive identity platform with a wide range of authentication solutions, unlike competitors who may focus on narrower aspects of cybersecurity.
  • Their API-first approach allows developers to build custom authentication flows tailored to their specific needs, providing flexibility that many competitors lack.
  • Stytch's robust security program and 99.999% uptime SLA ensure high reliability and trust, setting them apart in the cybersecurity market.

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Growth & Insights
Headcount

6 month growth

6%

1 year growth

3%

2 year growth

-11%

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