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Authlete Raises $4M In Series A Funding From Sbi Digital Asset Holdings

PRIVATEApr 04, 2023

Amount Raised

$4 Million

Round Type

Series A

ChiyodaInformation TechnologySoftwareSecuritySaaS

Investors

Sbi DahSbi Digital Asset Holdings

Description

Authlete, the leader in implementing the latest digital identity and API security standards, announced today that it has raised approximately US$4M (500 million Japanese yen) in Series A funding from SBI Digital Asset Holdings (SBI DAH), part of the Japanese conglomerate SBI Group. Authlete will use the funds to accelerate its global expansion, develop new products, and explore new industries in partnership with SBI DAH.

Quick answer

Authlete raised $4 Million in a Series A round, dated April 4, 2023. Investors: Sbi Dah and Sbi Digital Asset Holdings. Authlete is based in Chiyoda, Tokyo, Japan.

How much did Authlete raise?
Authlete raised $4 Million in a Series A round on April 4, 2023.
Who invested in Authlete?
Sbi Dah and Sbi Digital Asset Holdings are named as investors in this round.
What does Authlete do?
Authlete is a set of APIs to build OAuth 2.0 and OpenID Connect (OIDC) servers.
Where is Authlete based and how big is it?
Authlete is based in Chiyoda, Tokyo, Japan.
Who are the decision-makers at Authlete?
Fundz holds 1 contact at Authlete. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Security and SaaS around the same time

Companies in the same sectors as Authlete that raised within 45 days of this round, from Fundz verified event records.

  • Keeper Security raised an undisclosed amount (Private Equity) on May 9, 2023.
  • Cado Security raised $20M (Funding Round) on March 9, 2023.
  • Inigo raised $4.5M (Seed) on March 7, 2023.
  • Rezolve AI raised $250M on February 27, 2023.
  • Sprout Solutions raised $11M (Series B) on May 19, 2023.
  • Seek AI raised $3M (Seed) on May 19, 2023.

Who to call at Authlete, and when

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Company Information

Company

Authlete

Location

Chiyoda, Tokyo, Japan

About

Authlete is a set of APIs to build OAuth 2.0 and OpenID Connect (OIDC) servers. Its "semi-hosted" architecture allows service providers to integrate the core functions of OAuth/OIDC with any other user authentication and management services as well as API gateways, using any of programming languages. The Authlete solution has widely adopted in open banking, payment, media, SaaS, healthcare, entertainment, e-commerce, eKYC etc.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Authlete raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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