SAN FRANCISCO, CA, Stytch, a cybersecurity company focused on passwordless authentication, has raised $30 million in a Series A funding round led by Thrive Capital, with participation from Coatue Management and existing investors Benchmark and Index Ventures.

Stytch is building a developer platform with the tools and infrastructure to enable companies to incorporate passwordless authentication options into apps and websites. Their APIs and SDKs can improve user onboarding and retention by removing passwords from their applications and replacing them with more secure and low-friction authentication options including email magic links, one-click user invitations, biometrics, and SMS and Whatsapp passcodes.