Auth0 announced USD55 million in Series D Funding
Auth0, a company part of NXTP Labs porftolio, has been helping developers with a set of APIs to build authentication into their applications for the last five years. The firm has just announced a USD55 million Series D funding round.
According to TechCrunch, this round was led by led by Sapphire Ventures with help from World Innovation Lab, and existing investors Bessemer Venture Partners, Trinity Ventures, Meritech Capital and K9 Ventures. Today’s investment brings the total raised to USD110 million.
The funding represents another major milestone for the company, following a banner year in 2017 that included a doubling of overall customers and more than 100 percent revenue growth; 140 new employee hires; and the opening of additional offices in London, Sydney, and Tokyo.
This growth is largely attributed to Auth0’s unique Universal Identity Platform, giving companies such as VMware, AMD, Mazda, NVIDIA, News Corp, and thousands of others the extensibility to customize the platform for their specific identity needs.
“We are humbled by the support from our investors, and emboldened in our mission to provide the most extensible, powerful, and easy-to-use identity management solution available,” said Eugenio Pace, CEO and Co-founder of Auth0. “We look forward to using these funds to make our product and company even better, and to continue offering value to our incredible customers around the world.”