Auth0 raises $103M

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Bellevue, Wash.-based Identity-as-a-Service (IDaaS) provider company Auth0 has raised a $103 million Series E round. The investment was led by Sapphire Ventures. Existing investors Bessemer Venture Partners, K9 Ventures, Trinity Ventures, Meritech Capital, and World Innovation Lab, also participated in the round.

The funding pegs Auth0 at a over $1 billion valuation, said the company in a statement.

[Image courtesy: Auth0]