Lucy Guo, a former executive at Scale AI, left the company to pursue her entrepreneurial ambitions. She raised $16.5 million in seed funding for her new startup, Passes, which aims to simplify the process of creating and managing digital passes and credentials. Passes allows businesses to create digital passes for various use cases like event tickets, loyalty programs, and employee badges. The startup’s platform streamlines the entire lifecycle of digital passes, from creation and distribution to verification and analytics. Guo’s vision is to make digital passes as ubiquitous as QR codes, enabling seamless and secure access to events, venues, and services. The funding round was led by Coatue and included participation from Upfront Ventures and other prominent investors. Passes plans to use the funding to expand its team and accelerate product development.
Source: https://www.businessinsider.com/lucy-guo-left-scale-ai-itch-build-startup-passes-2024-8