Defakto has secured $30.75 million in Series B funding led by XYZ Venture Capital to address a critical enterprise security bottleneck: non-human identities now outnumber employees 45:1, yet most organizations still rely on static credentials that create massive attack surfaces for AI agent deployments.

The fundamental problem is architectural—legacy identity systems designed for human users can’t handle the scale and dynamism of modern AI agent infrastructure, where services, workloads, machines, pipelines, and AI agents need secure authentication without exposing static secrets.

Keycard’s $38 million in combined seed and Series A funding addresses a critical bottleneck emerging as enterprises deploy AI agents at scale: how to securely authenticate thousands of temporary agents without creating massive credential sprawl.

The identity infrastructure startup, emerging from stealth with backing from Andreessen Horowitz and Acrew Capital, tackles what co-founder Ian Livingstone calls the “CircleCI problem” for AI agents—the exponential complexity of managing credentials when software needs to connect across applications and companies at unprecedented scale.

Descope closed an $88 million seed round extension, bringing total funding to $88 million as the drag-and-drop external IAM platform positions itself at the center of enterprise AI agent deployment infrastructure.

Founded by the team behind Demisto (acquired by Palo Alto Networks), Descope addresses a critical bottleneck emerging across enterprise AI initiatives: how to securely manage identity and access for AI agents, MCP servers, and autonomous systems at scale. The extension round, available exclusively to existing investors including Notable Capital, Lightspeed Venture Partners, and Dell Technologies Capital, validates enterprise demand for purpose-built identity infrastructure as organizations move beyond AI pilots toward production deployments.