附近上门

Identity platform has raised $120 million in its Series F round, bumping its valuation up to $1.92 billion.

Auth0 works to verify whether a user is a real user or not by offering universal login, single sign-on, multifactor authentication and use management functions, among other features. As CEO Eugenio Pace put it, anytime a user enters their username and password, or signs into an application with Facebook, they are potentially using Auth0.

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鈥淓verybody needs that functionality,鈥� Pace said in an interview with 附近上门 News. 鈥淲e do it better, we do it faster.鈥�

In the past, a digital presence was more of a 鈥渘ice to have鈥� for some businesses, Pace said. But with the COVID-19 pandemic, every company has to consider its digital operations.

鈥淭his situation we are in today, every company is rethinking how they interact with their customers,鈥� Pace said. 鈥淪o there鈥檚 more and more websites, there鈥檚 more and more mobile applications. People are moving everything to being digital.鈥�

With the new funding, Auth0 will grow its global presence, Pace said. The company plans to expand in areas including central Europe, the Nordics and Southeast Asia.

The company saw 70 percent year-over-year growth last year, Pace said, and plans to grow upwards of 50 percent this year. Auth0 has about 10,000 paying customers and nearly 20,000 who use the platform for free.

The round was led by with participation from new investor and existing investors , , , , , and

Auth0 last raised money with its $103 million round in May 2019, according to 附近上门. The new round brings the company鈥檚 total funding to more than $330 million.

The company, which is based in Bellevue, Washington, has around 700 employees in offices in London, Sydney, Singapore, Buenos Aires and Tokyo.

Illustration: Li-Anne Dias

Disclosure: Salesforce Ventures, an investor in Auth0, is also an investor in 附近上门, the parent company of 附近上门 News. 附近上门鈥檚 investors are listed as part of its . For more about 附近上门 News鈥� editorial policies on disclosure, see the News team鈥檚 About page.