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SaaS startup Scalekit raises $5.5 Mn in seed round led by Together Fund and Z47

EntrackrEntrackr ยท 19h ago
SaaS startup Scalekit raises $5.5 Mn in seed round led by Together Fund and Z47
Medial

SaaS startup Scalekit has raised $5.5 million in a seed round led by Together Fund and Z47, with participation from angel investors including Adam Frankl, Oliver Jay, and Jagadeesh Kunda. Founded by Satya Devarakonda and a team of ex-Freshworks engineers, Scalekit offers modular, drop-in infrastructure for SaaS and AI-first teams. Products include MCP Auth for agentic servers, Agent Actions for secure API calls with consent and revocation, and modern human authentication with enterprise features like SSO and SCIM. Unlike monolithic solutions like Auth0, Scalekitโ€™s ร -la-carte approach lets developers adopt only what they need. The founding team previously developed Freshworksโ€™ in-house auth platform, now used by over 50,000 businesses and 2 million users, and saw firsthand how painful it was for SaaS teams to deliver secure, enterprise-ready authentication. The firm is building the authentication and actions layer for AI-native applications. With protocols like the Model Context Protocol (MCP), applications are exposing functionality directly to agents, breaking traditional identity systems designed for humans. Scalekit is now building the authentication foundation for the agentic era. Already used by startups such as Hubbl, Sifthub, Fello, Unstract, Tiphaus, and Aerchain, Scalekit helps teams move agentic workflows from prototypes to production.

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Atomicwork closes Seed round at $14 Mn

EntrackrEntrackr ยท 11m ago
Atomicwork closes Seed round at $14 Mn
Medial

B2B SaaS startup Atomicwork has raised an additional $3 million in its seed round from Abhinav Dhar, ex-CIO of TransUnion, Prasad Ramakrishnan, CIO and technology leader, Avanish Sahai, former ecosystem leader at Salesforce, ServiceNow, and Google Cloud and Rich Waldron, CEO of Tray. The firmโ€™s existing investors like Storm Ventures, Z47 (formerly Matrix Partners), Blume Ventures, and Neon Fund also participated in the round. This is the second tranche of its seed round. In September last year, Atomicwork had raised $11 million led by Blume Ventures and Matrix Partners India. With this, the total funding for the startup stands at $14 million. The proceeds will be used for enterprise AI agent technology, fuel the firmโ€™s GTM team expansion in the United States over the next three years, the company said in a press release. Founded in September 2022 by Vijay Rayapati, Kiran Darisi, and Parsuram Vijayasankar, Atomicwork provides software that automates workflows under the information and technology (IT), human resources (HR), finance, and other business functions. It helps companies instantly help their employees by collecting tribal knowledge from across the organization โ€“ stored in docs, wikis, information systems, email threads, and chat conversations. Previously, Rayapati had founded Minjar which raised $2 million before getting acquired by US-based publicly-listed cloud infrastructure company Nutanix for about $50 million. Blume also invested in Minjarโ€™s initial funding round. Darisi and Vijayasankar were part of the founding team of SaaS unicorn Freshworks.

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