AuthZed, a startup working on permission management technology solutions, has raised $12 million in a Series A funding round led by General Catalyst.
The new investment round, which brings the total raised to $15.8 million, also included equity stakes for Amplify Partners and Work-Bench.
Founded in 2020, the New York, New York-based startup has built an enterprise-ready permissions system that leverages its open source project SpiceDB to provide fine-grained access control, so that only authorized users have access to specific assets.
According to AuthZed, its easy-to-use, fast, scalable, and secure solution stores, computes, and validates permissions, tackling the growing complexity of user interactions in modern applications.
At the core of AuthZed’s platform is SpiceDB, the open source Google Zanzibar-inspired database for real-time, security-critical application permissions, which the company touts as supporting the creation of global-scale fine grained authorization services.
The company says the new investment will fuel its expansion in the small and midsize businesses (SMB) market with a fully managed and easy-to-deploy permissions system offering the same benefits that AuthZed’s private SaaS delivers.
Furthermore, the company plans to use the cash to bring Materialize, a recently launched product, to general availability, AuthZed CEO Jake Moshenko said in a blog post.
“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,” Moshenko said.
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