AuthZed, a New York-based startup helping enterprises rapidly build innovative user experiences with simple, fast, and secure permissions systems, has closed $12 million in Series A funding.
Investors
The round was led by General Catalyst, with continued support from Work-Bench, Y Combinator, and Amplify Partners, bringing AuthZed’s total funding to $15.8 million.
General Catalyst is a venture capital firm that makes early-stage and transformational investments. They back exceptional entrepreneurs who are building innovative technology companies and market-leading businesses. With offices in San Francisco, New York City, London, Berlin, and Boston, the firm invests from seed to growth stage and beyond.
AuthZed Use of Funds
The company will use the funds to drive the expansion of its services to small and mid-sized organizations.
About AuthZed
AuthZed offers fully managed permissions systems that simplify deployment and maintenance. Its enterprise-ready permissions systems, built upon its open-source project SpiceDB, empower application teams to implement fine-grained access control, ensuring only authorized users can access specific data and features. AuthZed serves a diverse clientele spanning healthcare, finance, and gaming, and counts Canva, an online design and visual communication, among its esteemed partners. The company is on a mission to help every organization build fast and secure authorization that scales.
Funding Details
Company: Authzed, Inc.
Raised: $12.0M
Round: Series A
Funding Month: June 2024
Lead Investors: General Catalyst
Additional Investors: Work-Bench, Y Combinator, Amplify Partners
Company Website: https://authzed.com/
Software Category: Permission Systems
Source: https://www.businesswire.com/news/home/20240627642567/en/