Tag Archives: FusionAuth

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…

DENVER, Nov. 01, 2023 (GLOBE NEWSWIRE) — FusionAuth, the customer identity platform built for developers, today announced the completion of a $65 million growth equity investment from Updata Partners, a leading growth equity firm. With its first fundraise 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 as part of the round.

Founded in 2018, FusionAuth is profitable and bootstrapped itself prior to this investment. The platform is deployed across six continents with more than 450 customers, including major brands, such as Frontdoor, Oppenheimer & Co. Inc., and Stihl. This…