tech:

taffy

IDaaS company Auth0 raises $55M

Auth0, a Bellevue, WA-based company that provides Identity-as-a-Service (IDaaS), has raised $55 million in Series D funding. The investment was led by Sapphire Ventures, with participation from World Innovation Lab.

Existing investors Bessemer Venture Partners, Trinity Ventures, Meritech Capital Partners, and K9 Ventures also particpated in the round.

Auth0 has raised $110 million to date.

[Image courtesy: Auth0]

Also see:

UpdateAI raises $2.3M

Pasadena, Calif.-based UpdateAI, a ChatGPT-powered customer success platform that generates smart summaries of customer meeting notes and automates a follow-up workflow, has raised a $2.3 million funding round.

Ariga raises $18M (Israel)

Tel Aviv, Israel-based Ariga, a company that provides software engineering teams with a way to manage database schema changes efficiently, has raised $18 millon in a funding round from Tiger Global and TLV Partners.

Platformatic raises $3.5M

San Francisco, Calif.-based Platformatic, providers of a backend platform for developers, has raised $3.5 million. The funding round was led by venture capital firm Decibel, featuring contributions from Panache Ventures and angel investors.

Spellbook raises $10.9M (Canada)

Toronto & St. John's, Newfoundland-based Spellbook has raised $10.9 million in funding.

Axelera AI raises $50M (The Netherlands)

Axelera AI announced the addition of new investors in its Series A round, thereby raising the total amount to $50 million.