Auth0, and Argentine identity authentication software company led by Endeavor Entrepreneurs Eugenio Pace and Matias Woloski, surpassed a $1 billion valuation after raising $103 million in its latest Series E round. Auth0 is the most recent Latin American company to achieve this notable milestone.
Sapphire Ventures was instrumental in leading this round of funding with involvement from K9 Ventures, Telstra Venture and several others.
Since their initial launch in 2013, Auth0 has scaled rapidly, raising more than $210 million and and serving 7,000 enterprise customers in 70+ countries with its authentication software. With the aim of preventing data breaches from unauthorized logins and improper access, the company offers their customers an identity-as-a-Service (IDaaS) cloud platform that simplifies identity management for developers in any identity environment, across all Application-Programming-Interfaces (APIs) and applications.
Auth0 chief executive Eugenio Pace said its Series E was “validation” that the company is doing things right. With plans to grow its five international offices, the Series E will facilitate further expansion.
Since the company’s selection into the Endeavor network in August 2018, Auth0 has seen steady customer growth and revenue. Its employee numbers have increased by more than half in two years. Its previous Series D funding round that led its international expansion has seen offices also open in Buenos Aires, London and Sydney.
Auth0 joins a small number of companies in Endeavor’s global network to reach this significant achievement in scaling, including Rappi, Bukalapak, Checkout, and Cabify — demonstrating that truly impactful, high-growth companies can flourish anywhere in the world.
Read TechCrunch’s coverage of the investment here.