Auth0, an Identity-as-a-Service (IDaaS) platform provider, has closed its Series D financing round on $55m.
The round, which brings total financing-to-date to more than $110m, was led by Sapphire Ventures, with participation from World Innovation Lab. Its round as featured existing investors Bessemer Venture Partners, Trinity Ventures, Meritech Capital Partners, and K9 Ventures.
“Corporations in Japan are looking for a scalable, unified identity platform that can cover complex use cases, and Auth0 is best positioned to serve such increasing needs,” said Rob Theis, general partner at World Innovation Lab.
Led by Eugenio Pace, CEO and Co-founder, Auth0 provides thousands of enterprise customers with a Universal Identity Platform for their web, mobile, IoT, and internal applications. Its platform authenticates and secures more than 1.5B logins per month.
Headquartered in Bellevue,WA, the business has additional offices in Buenos Aires, London, Tokyo, and Sydney, serving customers in more than 70 counties.
Auth0 provides is solutions to a range of industries including B2B SaaS, financial services, healthcare, media, retail and real Estate. It claims to makes compliance easier by addressing key regulation challenges with a standards-based approach to SCA, authorisation, consent management, and API security.
“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.”
The Series D funds will be used to continue innovation of the company’s Universal Identity Platform, accelerate go-to-market programs, and drive global expansion according to the company.
Sapphire Ventures is a Silicon Valley-based venture capital firm, investing primarily in growth-stage enterprise technology companies globally. Its previous foray into the RegTech includes Feedzai, a financial fraud risk management provider, which raised $50m in series C funding last year.
Copyright © 2018 FinTech Global
