“IT Company Clerk Secures $30 Million in Funding and Forms Key Partnership with Stripe”

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The proceeds bring Clerk’s total raised to $55.5 million, and co-founder and CEO Colin Sidoti says that they’ll be put toward expanding Clerk’s service beyond authentication and into authorization — i.e. Clerk builds developer tools for authentication, offering drop-in components coded in React, the open source frontend JavaScript library. “Despite authentication and authorization being ubiquitous challenges across every software company, they have been exceptionally slow to become outsourced,” Colin said. “When you ask developers why, they often highlight that authentication and authorization are too tightly-coupled to the rest of their application to outsource. The integration is motivated in part by the investment from Stripe, which Colin says marks the beginning of a “strategic partnership” between the two firms.