Authing, a China-based identity cloud platform that provides identity authentication and authorization services for enterprises and developers, announced the completion of $23 million in Series A.
The round was led by Tiger Global Fund, with participation from CDH VGC (innovation and Growth Fund), voice network Agora, the old shareholder GGV Jiyuan capital, and Qiji Chuangtan.
Authing's Series A funds will be mainly used to increase R & D investment, talent introduction, and market expansion, improve the product matrix, and accelerate the commercialization process.
Company: Beijing Steam Memory Technology Co., Ltd. (北京蒸汽记忆科技有限公司)
Raised: $23.0M
Round: Series A
Funding Month: October 2021
Lead Investors: Tiger Global Fund
Additional Investors: CDH VGC, voice network Agora, the old shareholder GGV Jiyuan capital, and Qiji Chuangtan
Company Website: https://www.authing.cn/
Software Category: Identity cloud platform
About the Company: Authing is the first developer-centric full-scenario identity cloud product in China. It integrates all mainstream identity authentication protocols to provide enterprises and developers with comprehensive and secure user authentication and access management services. Authing was recognized as a "2020 National High-tech Enterprise" by the Ministry of Science and Technology, and was selected as an "Innovative Enterprise in the Field of Identity Management and Access Control in China" by the China Academy of Information and Communications Technology, and was included in the "2019 White Paper on Cyber Security Industry". In August 2021, Authing was selected as one of Forbes Asia's "Top 100 Companies to Watch" list. In September 2021, Authing was successfully selected as the third batch of member units of the "Zhuoxin Big Data Project" of the China Academy of Information and Communications Technology. Today, Authing has more than 200 employees worldwide and has created excellent development methods, efficient office processes, and a Secure IT management system.
Source: https://equalocean.com/briefing/20211025230089461