Washington based identity and authentication platform Auth0 has announced a $103 million Series E funding which earns them the unicorn status. Sapphire Venture Partners led the latest capital infusion with participation from Bessemer Venture Partners, K9 Ventures, Trinity Ventures, Meritech Capital, and World Innovation Lab.
The company's last fundraise had come last year when Sapphire Ventures led the $55 million Series D round. The current infusion takes the total amount raised by the firm to $212.3 million. Eugenio Pace and Matias Woloski had founded the firm in 2013. The platform offers a cloud solution to the developers in order to help them with authentication and authorization of their applications and APIs.
The firm claims to have more than 7,000 enterprise customers with more than 2.5 billion logins per month. It portrays itself as an “Identity-as-a-Service (IdaaS)”. Among its clients are the massive names like Mozilla, PBS, Atlassian, Bluetooth SIG, Nvidia, Harvard Medical School, News Corp, Whitbread, HarperCollins, Nando’s, Talbots, AMD, C.H. Robinson, Tableau, Safari, Schneider Electric, Accela, and FuboTV. The company will use the fresh fund for the growth of five international offices which are Bellevue, Buenos Aires, London, Sydney, and Tokyo.
Anders Ranum, managing director at Sapphire Ventures talking about Auth0 said, “Auth0 has demonstrated incredible momentum and continues to be a shining model for unparalleled technology, leadership, and growth. You can see Auth0’s ethos in the product itself — a highly sophisticated cybersecurity platform that’s universal, scalable, and extensible. The company is changing the approach to business by offering a platform that any company can use to protect digital identities.”