AuthZed Secures $12M Series A Funding to Accelerate Expansion

Key Highlights:

  • AuthZed raises $12 million in Series A funding.

  • Led by General Catalyst, with contributions from Work-Bench, Y Combinator, and Amplify Partners.

  • Funding will enhance AuthZed's fully managed, easy-to-deploy permissions system.

  • Supports small-to-mid-sized organizations with secure, scalable authorization solutions.

  • Built on the open-source project SpiceDB, offering strong consistency and global replication.

Source (Business Wire)

Notable Quotes:

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"Authorization stands as the bedrock of any application, and its complexity continues to grow alongside the evolution of software. Jake, Joey, and Jimmy have created what we believe is a powerful solution for permissions management that is evident in AuthZed's growing enterprise customer base."

Mark Crane, Partner at General Catalyst
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"This funding will help our team continue to support our customers to add meaningful user experiences to their products powered by our scalable and flexible permissions system architecture."

Jake Moshenko, CEO at AuthZed
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"AuthZed has enabled Canva to centrally store and compute permissions at scale, across a diverse set of systems, saving a substantial amount of engineering time to focus on business needs."

Simon Newton, Head of Platform at Canva

Our Take:

The recent $12 million Series A funding round signifies a pivotal moment for AuthZed, underscoring the market's growing need for robust, scalable authorization solutions. As traditional authorization methods become increasingly strained by complex user interactions, AuthZed's innovative approach, anchored by the open-source SpiceDB project, positions the company to effectively address these challenges. The involvement of notable investors like General Catalyst and continued support from Work-Bench, Y Combinator, and Amplify Partners, highlights the confidence in AuthZed’s vision and execution. This funding not only accelerates their strategic expansion but also reinforces their commitment to providing secure, easy-to-maintain permissions systems that are essential for modern enterprises.

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