Auth0 Raises $103M, Becomes Unicorn
Summary
Auth0, which helps companies manage and secure digital identities through services like multifactor authentication and password detection, said today it has raised $103 million in a Series E round led by Sapphire Venture Partners (SVP). Subscribe to the Crunchbase Daily Bellevue, Washington-based Auth0 describes itself as an “Identity-as-a-Service (IdaaS)” company that helps its users’ customers, devices, business partners and employees with secure identity management. The demand for streamlining security appears to be there: Auth0’s Jeana Tahnk said in a blog post that the startup currently has 7,000 customers worldwide and more than 2.5 billion logins per month. The new capital will be used to help the company continue to expand globally and comes on the heels of recent expansions of its five offices in Bellevue, Buenos Aires, London, Sydney, and Tokyo. SVP, which also led Auth0’s Series D, has invested in companies like 23andme, Square, Localytics and LinkedIn.
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