US $23 M received by China’s Authing in Series A funding round
Tiger Global, CDH Investments VGC, Agora, GGV Capital, and MiraclePlus were among the investors.
The company intends to keep investing in research and development, as well as adding expertise and speeding up the commercialization process.
From the standpoint of identity-as-a-service cloud computing for organisations, Authing provides apps with authentication, authorisation, user management, and security risk control services. The company also combines approximately 100 apps to assist business administrators and developers in streamlining the entire Single Sign-On application process, which includes collaborative office, cloud computing, marketing, management, development tools, human resources, and other disciplines. It claims to have worked with clients in Europe, America, and Asia.