FusionAuth raises $65M to its developer-friendly identity and access management platform

The developer-focused customer identity and access management platform FusionAuth said today it has closed a bumper $65 million investment from Updata Partners.

The round marks the first time FusionAuth, officially known as Inversoft Inc., has raised capital externally. The company said it will use the funds to scale its go-to-market teams and accelerate product development.

FusionAuth aims to help developers solve questions around user security without distracting them from building their primary application. To do this, it has created a customer identity and access management platform that gives developers an easier way to authenticate, authorize and manage user access to their apps. Administrators can assign roles to team members and secure logins using single sign-on…