FusionAuth – a customer identity platform built for developers – recently announced the completion of a $65 million growth equity investment from Updata Partners. And with its first fundraiser and after widespread developer adoption, FusionAuth will scale go-to-market and product development to meet increasing demand for a modern approach to customer identity. Updata’s Dan Moss, Principal, and Jon Seeber, General Partner, will join the board in connection with the funding round.
Launched in 2018, FusionAuth is profitable and bootstrapped itself before this investment. The platform is deployed across six continents with over 450 customers, including major brands like Frontdoor, Oppenheimer & Co. Inc., and Stihl. This funding round builds on a solid history of innovation and growth for the company, which has more than doubled revenue each year. And with a free community edition with over 13 million downloads, FusionAuth enables developers to easily add registration, login, and user management features to their applications, all built on industry standards.
Developers utilize FusionAuth for multifactor authentication, passwordless login, passkey support, machine-to-machine authentication, security controls, and advanced threat detection. And the company boasts a robust library of APIs, SDKs, and the ability to work with any language or architecture.
The company is the only authentication solution with complete hosting flexibility. And it can be deployed on nearly any computer anywhere in the world. This enables developers to run FusionAuth locally, on virtual/cloud servers, or on dedicated hardware (even without an internet connection)or utilize FusionAuth’s worldwide managed hosting called FusionAuth Cloud.
KEY QUOTES:
“Authentication is a mission-critical component for most applications, but engineering and product teams can no longer afford to take on the risk and complexity required to build their own solutions. FusionAuth is transforming customer identity with a feature-rich platform that makes it easy for developers to install and run anywhere then integrate with anything in minutes.”
— FusionAuth founder and CEO Brian Pontarelli
“At Updata, we are laser-focused on investing in emerging leaders in the software industry. FusionAuth’s developer-centric approach is redefining the market by removing friction and complexity of customer identity management — historically huge pain points — from the development process. With their impressive footprint and best-in-class feature set, FusionAuth is positioned to continue claiming market share over their competitors, and we look forward to partnering with them in this next phase of growth.”
— Updata’s Dan Moss, Principal
