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Ping Identity, Auth0 Land Funding Deals

Today was a big day for funding in the super-hot space for services that help manage login credentials for enterprise software. Ping Identity, one of the older players in the business, said it has raised $35 million in its seventh round of funding, led by investment firm KKR with participation by Ten Eleven Ventures. It has now raised a combined $110 million. Separately, new player Auth0 said it raised a $2.4 million seed round led by Bessemer Venture Partners. In June, identity company Okta raised $75 million in a round led by Sequoia at a valuation of $600 million.

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