Total amount raised
$332.3 Million
Latest funding date
7/1/2020
Location
Auth0 has successfully raised funding through eight rounds, with the latest being a Series F round in July 2020. The platform offers robust authentication and authorization services, securing AI agents, humans, and other entities.
Auth0's investors include Steadfast Capital Management and Employee Stock Option Fund. Keep reading to explore the intricacies of Auth0's fundraising journey and the investors backing this innovative platform.
What Is Auth0?
Auth0, a cloud identity management SaaS application, is designed for web, mobile, IoT, and internal software. The company has been acquired by Okta and operates as a business unit of Okta, Inc. Auth0 is located in Bellevue, Washington, and employs between 501-1000 people.
Specializing in identity and access management, Auth0 offers secure authentication and authorization solutions for various applications, including AI agents, B2B, and B2C applications. The platform is known for its robust features like universal login, single sign-on, multifactor authentication, and passwordless login.
How Much Funding Has Auth0 Raised?
- Seed Round
- Amount Raised: USD 2,400,000
- Date: September 2014
- Lead Investors: Bessemer Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial product and establish a market presence.
- Series A
- Amount Raised: USD 6,875,000
- Date: June 2015
- Lead Investors: Bessemer Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product features.
- Series B
- Amount Raised: USD 15,000,000
- Date: August 2016
- Lead Investors: Trinity Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and accelerate growth.
- Series C
- Amount Raised: USD 30,000,000
- Date: June 2017
- Lead Investors: Meritech Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and increase customer acquisition.
- Series D
- Amount Raised: USD 55,000,000
- Date: May 2018
- Lead Investors: Sapphire Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support rapid growth and expand into new markets.
- Series E
- Amount Raised: USD 103,000,000
- Date: May 2019
- Lead Investors: Sapphire Ventures
- Valuation at Round: Over $1 billion
- Motivation Behind the Round: To support the company's rapid growth and expansion.
- Series F
- Amount Raised: USD 120,000,000
- Date: July 2020
- Lead Investors: Salesforce Ventures
- Valuation at Round: $1.92 billion
- Motivation Behind the Round: To fuel continued innovation and go-to-market expansion.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: December 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
Total Amount Raised: USD 332,275,000. Current Valuation: Acquired by Okta in May 2021 in a stock transaction valued at approximately $6.5 billion.
Key Investors
- Salesforce Ventures
- Details: Salesforce Ventures is the investment arm of Salesforce, focusing on enterprise software and cloud computing. They have a strategic alignment with Salesforce's Customer 360 platform.
- Investment Focus Areas: Enterprise software, cloud computing, CRM solutions.
- Notable Investments: Dropbox, DocuSign, Twilio.
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a venture capital firm that invests in early to growth-stage companies. They have a strong focus on cloud computing and consumer technology.
- Investment Focus Areas: Cloud computing, cybersecurity, healthcare, consumer technology.
- Notable Investments: LinkedIn, Shopify, Pinterest.
- Sapphire Ventures
- Details: Sapphire Ventures is a venture capital firm that invests in growth-stage technology companies. They focus on enterprise technology and SaaS.
- Investment Focus Areas: Enterprise technology, SaaS, cloud infrastructure.
- Notable Investments: Box, Square, LinkedIn.
- Meritech Capital
- Details: Meritech Capital is a late-stage venture capital firm that invests in technology and healthcare sectors. They have a history of backing successful tech companies.
- Investment Focus Areas: Late-stage venture capital, technology, healthcare.
- Notable Investments: Facebook, Salesforce, Tableau.
- Trinity Ventures
- Details: Trinity Ventures is a venture capital firm that invests in early-stage technology companies. They have a diverse portfolio that includes consumer services and enterprise software.
- Investment Focus Areas: Early-stage technology companies, consumer services, enterprise software.
- Notable Investments: Starbucks, New Relic, Docker.
What's Next for Auth0?
Auth0 stands at the cusp of significant opportunities, driven by the growing demand for secure digital identity solutions.
Okta completed its acquisition of Auth0 in May 2021. Auth0 now operates as a business unit within Okta, Inc.
However, Auth0 faces challenges such as intense competition from established players and the need to maintain rapid growth while ensuring security and reliability. Navigating these challenges will be crucial for Auth0 as it aims to solidify its position in the fast-growing identity management market.
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