FusionAuth, a customer identity platform for developers, has secured a $65 million growth equity investment from Updata Partners. The funding will help the Denver-area company meet the increasing demand for its solution that works to remove the complexity and friction of customer identity management from the development process.
FusionAuth’s platform offers engineering and product teams an array of tools for adding features like multifactor authentication, passwordless login, security controls and threat detection to their applications. The company serves more than 450 organizations including Frontdoor, Oppenheimer & Co. and Stihl.
The company has experienced significant growth, having more than doubled its revenue each year. As part of its latest investment, FusionAuth plans to expand its team and scale across go-to-market and product development.
