https://techcrunch.com/2021/11/18/stytch-api-passwordless-unicorn/

Stytch, an API-first passwordless authentication startup, has secured $90 million in Series B funding, pushing the company over the $1 billion valuation line.

The investment, led by Coatue Management LLC with participation from existing investors Benchmark Capital, Thrive Capital and Index Ventures, comes just four months after Stytch raised $30M Series A at a valuation somewhere around $200 million. Since then, the startup has seen an almost 1,000% increase in developers using its passwordless authentication platform, rising from 350 developers in July to about 4,000 in November.