Auth0 Valuation Nears $2 Billion After $120 Million Funding Round
July 14 2020 - 12:37PM
Dow Jones News
By Colin Kellaher
Identity platform Auth0 Inc. on Tuesday said it raised $120
million in a Series F funding round at a valuation of $1.92
billion.
The Bellevue, Wash., startup said the round led by Salesforce
Ventures, the venture arm of business-software giant Salesforce.com
Inc., brings its total capital raised to more than $330
million.
New investor DTCP also participated in the round, along with
previous investors Bessemer Venture Partners, Sapphire Ventures,
Meritech Capital, World Innovation Lab, Trinity Ventures, Telstra
Ventures and K9 Ventures.
Auth0 in May 2019 raised $103 million in a Series E round that
made the company a unicorn, or a privately held startup valued at
$1 billion or more.
Auth0, founded in 2013, provides a platform to authenticate,
authorize and secure access for applications, devices and
users.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
July 14, 2020 12:22 ET (16:22 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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