Identity and authentication technology company Auth0 has landed $15 million in new funding, led by Trinity Ventures. It’s planning to use the capital to accelerate the growth of its identity platform and launch new security features.
The Series B round brings total funding to $24 million for the Bellevue, Wash.-based company, which was founded four years ago.
“This new funding will help fuel product development focused on even stronger security for our subscribers, which include the features available within Auth0’s Anomaly Detection suite,” said Jon Gelsey, CEO of Auth0, in a news release announcing the funding.
Auth0 combines existing login and identity verification options into a few lines of code that developers can quickly add to their application, with features designed to simplify maintenance for developers.
Existing investors Bessemer Venture Partners, K9 Ventures and Silicon Valley Bank also participated in the new funding round. The privately held company says its revenue increased five-fold in 2015, and the company has tripled its headcount to around 175 people, expanding in areas including Europe and Asia.
