Today I am very proud to announce that we’ve raised $2.4 Million in seed funding led by Bessemer Venture Partners, with participation from K9 Ventures, Portland Seed Fund, NXTP Labs and individual investors.
In the same way Twilio democratized access to SMS and voice communications, Auth0 developed an identity service to eliminate the growing complexity of authentication and authorization for developers. Auth0 has the dream team in authentication security, which is why developers are so quickly adopting their API as the de facto way to do logins. David Cowan, Partner at Bessemer Venture Partners.
I am also very proud to share that Auth0 has crossed the 8,000 subscriber mark and is now used in 124 countries.
We were founded by developers for developers, with the goal of eliminating the pain of integrating authentication and authorization into apps and APIs. So we’re very happy that so many developers from enterprises both large and small are finding our service useful. We now deliver identity-as-a-service to not only the newest startups but also to the very largest enterprises, like Schneider Electric, the global specialist in energy management, Allegion, the leading provider of security solutions for homes and businesses around the world, and Berkshire Hathaway Travel Protection, the Berkshire Hathaway travel insurance arm.
We’ve been told by our subscribers that we’re the most innovative identity company in the market today, so we are further pleased to announce that the world’s leader in innovation management and collaborative project management platform software, Mindjet, is now using Auth0 as their core identity component for their software.
“We took a strategic, calculated bet on Auth0. By using Auth0's sophisticated identity infrastructure -- rather than building it ourselves -- we were able to assign two, full-time software engineers to developments directly related to Mindjet's core value proposition, which resulted in higher revenue while saving us a great deal of money.” James Gardner, SVP of Product at Mindjet
We are using our seed funds to further expand our development team and to expand our sales and marketing efforts.
We founded Auth0 to eliminate the pain of authentication and authorization for developers. We’re happy that we’ve been found useful by so many developers already, but there’s still a lot of work to be done.
To keep yourselves up to date on our progress, please follow us on twitter: @auth0