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Fraud & Identity Theft

FusionAuth Snags $65 Million Investment for Customer Identity Tech

Colorado startup raises new capital from Updata Partners to build out its customer authentication and authorization technology.

Customer authentication and authorization company FusionAuth on Wednesday announced that it has scored a $65 million investment from Updata Partners, it first external funding to date.

Founded in 2018, the Denver startup provides developers with a customer identity platform that allows them to add registration, login, and user management features to their software.

The product provides support for single sign-on (SSO), multi-factor authentication, passwordless logins, and passkeys, while also offering security controls and advanced threat detection.

With more than 13 million downloads to date, the platform provides increased flexibility and support for multiple architectures and frameworks. FusionAuth says it has more than 450 paying customers worldwide.

According to FusionAuth, the technology is easy to deploy and can be hosted anywhere, including on dev boxes, on virtual and cloud servers, on-premises, and even on air-gapped machines.

The company plans to use the the new investment to scale its product development and go-to-market efforts.

“Development teams do not have the time or the expertise to build and scale their own auth solutions. At FusionAuth, we are changing how developers approach customer identity by providing a solution that is easy to install and run anywhere, and then integrate with anything in minutes,” FusionAuth CEO Brian Pontarelli said.

Related: SIEM and Log Management Provider Graylog Raises $39 Million

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Related: Blockaid Emerges From Stealth With $33 Million Investment

Related: Fraud Detection Firm Spec Raises $15 Million

Related: CipherStash Raises $3 Million for Encryption-in-Use Technology

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

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