Security Experts:

Identity Management Firm Auth0 Raises $103 Million

Identity-as-a-Service (IDaaS) company Auth0 this week announced the close of a $103 million Series E funding round led by Sapphire Ventures, at a valuation of more than $1 billion.

Auth0 LogoThe Series E funding round comes just one year after the company raised $55 million in Series D funding, also led by Sapphire Ventures, and brings the total raised by the Bellevue, Wash.-based company to more than $210 million.

Auth0 offers what it calls a “highly customizable, developer-centric identity management platform” currently used by more than 7,000 customers around the world.

The company has offices in Bellevue, Buenos Aires, London, Sydney, and Tokyo and employs nearly 475 people—with 316 of those added in the last two years.

Existing investors Bessemer Venture Partners, K9 Ventures, Trinity Ventures, Meritech Capital, and World Innovation Lab also participated in the funding round.

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For more than 10 years, Mike Lennon has been closely monitoring the threat landscape and analyzing trends in the National Security and enterprise cybersecurity space. In his role at SecurityWeek, he oversees the editorial direction of the publication and is the Director of several leading security industry conferences around the world.