AuthZed, a leader in the development of permissions systems, has successfully closed a $12m Series A funding round.
This significant financial boost was led by General Catalyst, with additional support from existing investors Work-Bench, Y Combinator, and Amplify Partners.
The company, renowned for its innovative approach to managing permissions systems at scale, aims to use the fresh capital to expand its services targeting small to mid-market sized organizations. This expansion will focus on offering a fully managed, easily deployable permissions system that maintains simplicity and security for both current and prospective authorization needs.
AuthZed’s core product leverages the powerful open-source project SpiceDB, which is a testament to their commitment to providing a universal, scalable, and straightforward permissions solution. SpiceDB is the first open-source endeavor to integrate all three core principles from Google’s Zanzibar paper: strong consistency, global replication, and a relationship-based permissions model, AuthZed claimed.
Mark Crane, partner at General Catalyst, commented, “Authorization stands as the bedrock of any application, and its complexity continues to grow alongside the evolution of software. Jake, Joey, and Jimmy have created what we believe is a powerful solution for permissions management that is evident in AuthZed’s growing enterprise customer base.”
Jake Moshenko, CEO of AuthZed, said, “This funding will help our team continue to support our customers to add meaningful user experiences to their products powered by our scalable and flexible permissions system architecture. Behind every digital interaction lies a permission: negotiating access decisions between entities. Federation is a fundamental part of what makes the internet an interesting place, and helping our customers’ end users securely share their most sensitive information with confidence and precision drives us forward.”
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