Overview

WorkOS provides an API platform that helps software-as-a-service (SaaS) companies easily integrate important enterprise features into their products. The platform includes tools for User Management, Single Sign-On (SSO), Directory Sync (SCIM), and Audit Logs, allowing companies to become enterprise-ready quickly, often in just minutes. This speed enables them to secure larger enterprise contracts that would typically take much longer to achieve. WorkOS stands out from competitors by offering a unified approach and modern APIs that are designed with developers in mind, making it easier for them to add complex functionalities without getting bogged down in foundational work. The main goal of WorkOS is to streamline the integration process so that engineers can concentrate on enhancing their products, ultimately improving the value of their offerings.

Simplify's Take

What believers are saying

• Growing demand for no-code platforms boosts WorkOS's integration opportunities.
• Acquisition of Modulz enhances WorkOS's UI offerings, attracting more developers.
• Rising cybersecurity needs increase demand for WorkOS's secure authentication solutions.

What critics are saying

• Increased competition from similar API platforms may dilute WorkOS's market share.
• Rapid tech advancements require continuous updates, straining WorkOS's resources.
• Dependence on third-party identity providers poses risks if APIs or models change.

What makes WorkOS unique

• WorkOS offers a unified API platform for enterprise-ready SaaS applications.
• The platform provides pre-built features like SSO, Directory Sync, and Audit Logs.
• Developer-first design accelerates integration of enterprise features into SaaS products.

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Funding

Total Funding

$80M

Above

Industry Average

Funded Over

1 Rounds

Notable Investors:

Lightspeed Venture Partners

Notable Investors:

Lightspeed Venture Partners

$80,000,000

Series B

Jun 2022

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.

Series B Funding Comparison

Above Average

Industry standards

Ind Avg. $35M

$4M

$30M

$45M

$65M

$80M

$100M