• Startup Pulse
    Traversal raises $120 million in a Series B round at a $1 billion valuation, led by Kleiner Perkins, Redpoint and Khosla Ventures, with Sequoia Capital, Battery Ventures and Amex Ventures participating. GIVA raises over $100 million in a round led by Multiples Alternate Asset Management. The Croffle Guys raises ₹14 crore in a round led by V3 Ventures, with N.A.N Partners participating. Solgram raises over $1 million in a pre-seed round led by DSG Consumer Partners and Saama Capital, with Kapil Chopra participating. Sachin Tendulkar makes a strategic investment in Metasports Interactive, the company behind Hitwicket. The amount was not disclosed. Hyeglo Beauty raises ₹7 crore in a round led by Sauce, with Giga Capital, Consumer Collective, Reckitt's Arjun Purkayastha and The Patient Capital participating. Unify Foodworks raises ₹5 crore in seed funding through convertible debentures from Atrium Ventures, SailThru Ventures, Arjun Vaidya and Abhishek Goyal. OBSESS raises approximately ₹3 crore in an angel round from Pushpendra Singh, Amit Goel and Harshit Vij. Dispatch Network raises ₹5 crore in a pre-seed round led by Antler India, with angel investors participating. Two Point O Capital raises $10 million in a round led by Transition Venture Capital, with Omnivore and angel investors participating. Traversal raises $120 million in a Series B round at a $1 billion valuation, led by Kleiner Perkins, Redpoint and Khosla Ventures, with Sequoia Capital, Battery Ventures and Amex Ventures participating. GIVA raises over $100 million in a round led by Multiples Alternate Asset Management. The Croffle Guys raises ₹14 crore in a round led by V3 Ventures, with N.A.N Partners participating. Solgram raises over $1 million in a pre-seed round led by DSG Consumer Partners and Saama Capital, with Kapil Chopra participating. Sachin Tendulkar makes a strategic investment in Metasports Interactive, the company behind Hitwicket. The amount was not disclosed. Hyeglo Beauty raises ₹7 crore in a round led by Sauce, with Giga Capital, Consumer Collective, Reckitt's Arjun Purkayastha and The Patient Capital participating. Unify Foodworks raises ₹5 crore in seed funding through convertible debentures from Atrium Ventures, SailThru Ventures, Arjun Vaidya and Abhishek Goyal. OBSESS raises approximately ₹3 crore in an angel round from Pushpendra Singh, Amit Goel and Harshit Vij. Dispatch Network raises ₹5 crore in a pre-seed round led by Antler India, with angel investors participating. Two Point O Capital raises $10 million in a round led by Transition Venture Capital, with Omnivore and angel investors participating.
  • Scalekit Secures USD 5.5 Million to Launch Authentication Stack for AI Agents

    Scalekit founders Satya Devarakonda Ravi Madabhushi

    San Francisco: Scalekit, a startup built by the team behind Freshworks’ authentication system, today announced the launch of its authentication stack designed for AI agents, alongside a $5.5 million seed funding round.

    The round was led by Together Fund and Z47, with participation from angel investors Adam Frankl, Oliver Jay, Jagadeesh Kunda, and others.

    Scalekit introduces purpose-built authentication for AI agents

    Scalekit provides a developer toolkit that enables secure identity management and tool-calling for AI agents. Unlike traditional systems, which assumed humans logged into applications, Scalekit addresses a future where autonomous AI agents interact with business apps and APIs.

    Also Read: Refold AI Secures USD 6.5M to Replace Costly Enterprise Integration with AI Agents

    Gartner has predicted that by 2028, 25% of enterprise breaches will involve compromised AI agents, underscoring the urgency of such infrastructure.

    Co-founder and CEO Satya Devarakonda said, “Scalekit sits at the intersection of verifying every agent’s identity and enforcing precise, least-privilege access through a single drop-in toolkit.”

    Authentication Stack Features

    Scalekit secures both incoming authentication for MCP servers and outgoing agent actions to third-party tools. Key features include:

    • A turnkey OAuth 2.1 authorization server for MCP servers.
    • Encrypted token vaults and a tool-calling layer for agent workflows.
    • Short-lived scoped tokens for agent identities embedded in code.
    • Modular authentication for human users, including passwordless login, OTP, single sign-on, and machine-to-machine service tokens.

    Also Read: Darwinbox Super Agent Launched as AI Teammate to Simplify Enterprise Workflows

    Adoption across AI-native companies

    Several AI-native companies and SaaS applications have already adopted the stack for their authentication needs. Early users include Fello, Sifthub, Napkin, Unstract, Hubbl, and Aerchain.

    SiftHub’s Head of Technology, Harsh Vakharia, stated, “We needed auth that just works so we could focus on our core AI features. Scalekit eliminated months of auth complexity and let us ship in a couple of weeks.”

    Fello’s CTO, Suman Varanasi, added, “We plugged in Scalekit’s passwordless auth module without any refactoring. That lego-style flexibility got us live in two weeks.”

    Roadmap for agent identity

    The company plans to strengthen its agent-centric identity offerings with new capabilities such as background agent support, deeper tool-calling integration, granular authentication logs, and prebuilt connectors for over 1,000 external applications.

    Girish Mathrubootham, Founding Partner at Together Fund, commented, “Scalekit spotted the shift early and built the missing agent identity infrastructure. We believe that foundation will power the next billion agent identities.”

    Author

    • Salil Urunkar

      Salil Urunkar is a senior journalist and the editorial mind behind Sahyadri Startups. With years of experience covering Pune’s entrepreneurial rise, he’s passionate about telling the real stories of founders, disruptors, and game-changers.

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