Contxto – From Argentina with love… Auth0 (/ ɔˈθɛnˈzɪər oʊ / to those in the know) is the latest jet-setting, international brand of mystery.
The company—dedicated to tailoring identity services for companies—recently ranked fifth in the U.S. state of Washington and 73rd nationally on Deloitte’s Technology Fast 500 list. These are 500 of North America’s fastest-growing companies—whether they be tech, media, telecommunications, life science, or energy.
Auth0, a role model for Argentine startups
What exactly did Auth0 accomplish to be featured on this list?
Well, first off, the company is a unicorn—a startup worth over US$1 billion.
Secondly, just have a look at its growth rate from 2015 to 2018—1,813 percent.
Add to this, the company’s recent Series E funding, worth over US$103 million.
Flexing his good leadership muscles, Eugenio Pace—CEO and co-founder of Auth0—attributed the success to the dedicated work of his entire team, as well as “the trust our customers have put in our identity management platform since the beginning.”
For Mr. Pace, this distinction serves as an incentive to develop new technology for clients. The majority seek out Auth0 to create mobile and web applications. Over 2.5 billion log-ins reportedly take place every month over this scaleup’s sizable platform.
The company’s exponential growth is mirrored by its global expansion. Auth0 is now headquartered in Bellevue, Washington. Yet, it also has offices in Buenos Aires, London, Tokyo and Sydney with customers in over 70 countries.
Some of Auth0’s specialties range from universal authentication and authorization platform for web, mobile, and outdated legacy applications.
Tech’s Fast and Furious
It has been a quarter of a century since Deloitte first started publishing its Technology Fast 500 ranking, based on companies’ yearly fiscal revenue growth. This round specifically measured rates from 2015 to 2018.
But size isn’t everything, people!
Businesses must also own their own intellectual property or technology. Along those lines, sales of these products need to make up the majority of year-long operating revenues. They must range upwards of US$50,000.
Furthermore, current-year operating revenues must stand at a minimum of US$5 million . Perhaps most obviously, the company must maintain a North American HQ from which its needs to have been running its operations for at least four years.