Total amount raised
$332.3 Millions
Latest funding date
12/01/2020
Location
Auth0 has successfully raised significant funding over multiple rounds, culminating in its acquisition by Okta for $6.5 billion. The platform specializes in cloud identity management, offering solutions like Customer Identity and Access Management (CIAM) and Multi-Factor Authentication (MFA).
Keep reading to explore the intricacies of Auth0's fundraising journey and the investors backing this innovative platform.
What Is Auth0?
Auth0, founded on February 1, 2013, in Bellevue, Washington, specializes in cloud identity management for web, mobile, IoT, and internal software. The company was established by Eugenio Pace, Federico Jack, and Matias Woloski.
Auth0 offers a range of identity management solutions, including single sign-on, multi-factor authentication, breached password detection, and credential guard. The platform supports various identity providers, ensuring seamless integration and enhanced security for applications.
With a workforce of 501-1000 employees, Auth0 has grown significantly since its inception, providing robust identity management services to a diverse clientele.
How Much Funding Has Auth0 Raised?
- Seed Round
- Amount Raised: $2.4M
- Date: September 2014
- Lead Investors: Bessemer Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial product and validate the market need for identity management solutions.
- Series A
- Amount Raised: $6.9M
- Date: June 2015
- Lead Investors: Bessemer Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series B
- Amount Raised: $15M
- Date: August 2016
- Lead Investors: Trinity Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's capabilities.
- Series C
- Amount Raised: $30M
- Date: June 2017
- Lead Investors: Meritech Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and improve customer support.
- Venture Round
- Amount Raised: Not specified
- Date: September 2017
- Lead Investors: Not specified
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and product enhancements.
- Series D
- Amount Raised: $55M
- Date: May 2018
- Lead Investors: Sapphire Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate global expansion and product innovation.
- Series E
- Amount Raised: $103M
- Date: May 2019
- Lead Investors: Sapphire Ventures
- Valuation at Round: Over $1 billion
- Motivation Behind the Round: To support rapid growth and expand the customer base.
- Series F
- Amount Raised: $120M
- 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 specified
- Date: December 2020
- Lead Investors: Steadfast Capital Management, Employee Stock Option Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
Total Amount Raised: $332.3M
Current Valuation: $1.92 billion
Key Investors
- Salesforce Ventures
- Details: Salesforce Ventures is the investment arm of Salesforce, focusing on enterprise cloud companies. They have a strong track record of supporting innovative technology firms.
- Investment Focus Areas: Enterprise software, cloud computing, SaaS.
- Notable Investments: Zoom, Dropbox, Twilio.
- Sapphire Ventures
- Details: Sapphire Ventures partners with growth-stage technology companies, providing both capital and expertise. They aim to help companies scale and achieve their full potential.
- Investment Focus Areas: Enterprise technology, SaaS, cloud infrastructure.
- Notable Investments: Box, LinkedIn, Square.
- Meritech Capital Partners
- Details: Meritech Capital Partners is a growth-stage venture capital firm that invests in technology companies. They focus on companies that have demonstrated significant market traction.
- Investment Focus Areas: Technology, healthcare, consumer sectors.
- 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 history of supporting companies through their initial growth phases.
- Investment Focus Areas: SaaS, enterprise software, digital media.
- Notable Investments: Starbucks, New Relic, Docker.
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a venture capital firm with a focus on early-stage investments. They have a diverse portfolio and a long history of successful investments.
- Investment Focus Areas: Cloud computing, SaaS, healthcare.
- Notable Investments: LinkedIn, Shopify, Pinterest.
What's Next for Auth0?
Auth0 stands at the cusp of significant opportunities, driven by the growing demand for secure identity management solutions. The company plans to leverage its recent funding to innovate further and expand its global presence, particularly in regions like central Europe, the Nordics, and Southeast Asia. This expansion aligns with the increasing importance of digital identity verification in a rapidly digitizing world.
Future fundraising opportunities seem promising as Auth0 continues to experience rapid growth and market demand. The company's strategic alignment with major investors like Salesforce Ventures positions it well for potential future rounds or even strategic acquisitions. However, Auth0 must navigate challenges such as intense competition and the need to maintain its innovation pace to stay ahead in the fast-evolving identity management market.
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