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Auth0 Secures $55 Million in New Funding Round

Identity-as-a-Service (IDaaS) company Auth0 this week announced $55 million in Series D funding led by Sapphire Ventures.

To date, the Bellevue, Wash.-based identity management and authentication company has secured more than $110 million in financing. The firm offers a Universal Identity Platform for web, mobile, IoT, and internal applications and authenticates and secures more than 1.5 billion logins per month.

As part of the new financing round, the firm received investment from World Innovation Lab and existing investors Bessemer Venture Partners, Trinity Ventures, Meritech Capital, and K9 Ventures.

Auth0 plans on using the funds to continue innovation of its Universal Identity Platform, which the company says is used by companies such as VMware, AMD, Mazda, NVIDIA, News Corp, and thousands of others.

Founded in 2013, the company says it managed to double its overall customers and registered more than 100 percent revenue growth last year. This allowed it to hire 140...(continued)

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