Episode sponsors:Binarly (https://binarly.io)FwHunt (https://fwhunt.run)Rishi Bhargava and the team of entrepreneurs behind Demisto’s $560 million exit are back at it with a new startup building technology in the customer identity market. The new company, called Descope, raised an abnormally large $53 million seed-stage funding round with ambitious plans to take on rivals big and small in the customer identity and authentication space.On this episode of the podcast, Bhargava joins Ryan to talk about the VC funding landscape, the confusing 'identity' category, the responsibilities of vendors in the identity ecosystem, the emergence of Microsoft and Google as big security players, and some thoughts on the Israeli startup scene.