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Total amount raised
$198M
Latest funding date
2026-03-02
Location
WorkOS has raised a total of at least $198 million across multiple funding rounds, achieving a valuation of $2 billion with its latest Series C. The platform provides APIs to make applications enterprise-ready, including features like SSO, Directory Sync, Audit Logging, and User Management.
What Is WorkOS?
Founded by Michael Grinich, WorkOS is headquartered in San Francisco. The company specializes in providing APIs that make applications enterprise-ready, including features like Single Sign-On (SSO), Directory Sync, Audit Logging, and User Management.
WorkOS aims to simplify the process for developers to sell to enterprise customers with minimal code changes. The platform offers a comprehensive set of tools required by IT admins to ensure applications meet enterprise standards.
WorkOS has grown to serve thousands of customers including Anthropic, OpenAI, Cursor, Perplexity, Replit, and Vercel, making it a dominant platform in the identity and enterprise app development market.
How Much Funding Has WorkOS Raised?
- Seed Funding Round
- Amount Raised: $3 million (disclosed)
- Date: 2020 (launched March 17, 2020)
- Lead Investors: Lightspeed Venture Partners (led by Nakul Mandan)
- Participants: First Round, SV Angel, Abstract Ventures, Tuesday Capital, Work Life Ventures
- Motivation Behind the Round: To launch WorkOS out of stealth and build a developer toolkit for enterprise-ready features.
- Series A Funding Round
- Amount Raised: $15 million
- Date: March 10, 2021
- Lead Investors: Lachy Groom
- Participants: Lightspeed Venture Partners, Abstract Ventures, Tuesday Capital, Audacious Ventures, Uncorrelated Ventures, Elad Gil, Nat Friedman, Scott Belsky, Brianne Kimmel, and others
- Motivation Behind the Round: To build the "Stripe for enterprise-ready features" and grow the developer platform.
- Series B Funding Round
- Amount Raised: $80 million
- Date: June 1, 2022
- Lead Investors: Greenoaks
- Participants: Lachy Groom, Lightspeed Ventures, Abstract Ventures, Guillermo Rauch, Michael Ovitz, Mathilde Collin, Howie Liu, Jack Altman, Christian Reber, and others
- Motivation Behind the Round: To support hiring and product development initiatives, and to enhance UI components and open-source efforts through the acquisition of Modulz.
- Series C Funding Round
- Amount Raised: $100 million
- Date: March 2, 2026
- Lead Investors: Meritech Capital Partners, Sapphire Ventures
- Participants: Audacious Ventures, Craft Ventures, Abstract Ventures, Greenoaks, and others
- Motivation Behind the Round: To accelerate the next phase of development by building what is needed to make agentic software secure and reliable.
Total Amount Raised: At least $198 million based on disclosed funding. Current Valuation: $2 billion.
Key Investors
- Meritech Capital Partners
- Details: Meritech Capital Partners is a leading late-stage venture capital firm known for backing high-growth technology companies. They co-led WorkOS's Series C round.
- Investment Focus Areas: Late-stage technology, SaaS, enterprise software.
- Notable Investments: Zoom, Salesforce, Facebook (early growth).
- Sapphire Ventures
- Details: Sapphire Ventures is a global venture capital firm focused on enterprise software and technology companies. They co-led WorkOS's Series C round.
- Investment Focus Areas: Enterprise software, SaaS, growth-stage technology.
- Notable Investments: LinkedIn, Box, Square.
- Greenoaks
- Details: Greenoaks is a global investment firm that focuses on technology companies. They are known for their long-term investment approach and led WorkOS's Series B.
- Investment Focus Areas: Technology companies, growth-stage startups, innovative platforms.
- Notable Investments: Stripe, Discord, Robinhood.
- Lachy Groom
- Details: Lachy Groom is an angel investor with a keen interest in early-stage technology startups. He led WorkOS's Series A and has participated in subsequent rounds.
- Investment Focus Areas: Early-stage technology startups, SaaS, fintech.
- Notable Investments: Figma, Notion, Rippling.
- Lightspeed Venture Partners
- Details: Lightspeed Venture Partners is a venture capital firm that invests in the enterprise, consumer, and health sectors. They led WorkOS's seed round and have participated in subsequent rounds.
- Investment Focus Areas: Enterprise, consumer, health.
- Notable Investments: Snap, Affirm, MuleSoft.
What's Next for WorkOS?
WorkOS stands at the cusp of significant growth opportunities, driven by the increasing demand for enterprise-ready features in applications. With over 200 paying customers, including notable names like Vercel and Stripe, the platform is well-positioned to expand its market presence. The acquisition of Modulz further enhances its capabilities, particularly in UI components and open-source projects, making it a formidable player in the enterprise app development market.
Future fundraising efforts are likely to focus on scaling operations and accelerating product innovation. The competitive nature of the recent financing round, which brought the total raised to about $100 million, indicates strong investor confidence. However, WorkOS will need to navigate challenges such as competition from established players like Auth0 and the complexities of integrating acquisitions effectively.
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