What is Authlete?
Authlete specializes in simplifying complex authorization functions for businesses. Their platform ensures accurate implementation and ongoing compliance with evolving authorization standards, a critical need for companies across various sectors including financial institutions, healthcare, and public sector organizations. The Authlete solution has been deployed globally, supporting applications used by millions and handling a high volume of API calls, demonstrating its robust scalability and reliability. Founded in 2015, Authlete is supported by an international team with deep expertise in building and scaling technology companies.
How much funding has Authlete raised?
Authlete has raised a total of $5.2M across 2 funding rounds:
Angel/Seed
$1.2M
Series A
$4M
Angel/Seed (2017): $1.2M with participation from 500.com
Series A (2023): $4M led by SBI Digital Asset Holdings
Key Investors in Authlete
500.com
500.com Limited is a prominent online sports lottery service provider in China, known for its comprehensive suite of lottery services and information. Their involvement suggests an interest in Authlete's foundational technology that could be applied to secure online platforms.
SBI Digital Asset Holdings
SBI Digital Asset Holdings Co., Ltd., part of the SBI Group, focuses on digital asset markets and solutions, offering services like digital asset management and security. Their participation indicates a strategic alignment with Authlete's security-centric solutions for digital environments.
What's next for Authlete?
The recent major strategic investment signals Authlete's transition into a scaling phase, likely focused on expanding its market reach and enhancing its platform capabilities. This capital infusion will empower Authlete to further solidify its position as a leader in API security and identity management, potentially exploring new integrations and partnerships to address the growing demand for secure digital services. The company's commitment to staying ahead of evolving authorization standards positions it for sustained growth and innovation in the enterprise-level security landscape.
See full Authlete company page
