The author, Jake, is announcing that AuthZed has secured $12 million in Series A funding, its first additional capital since a seed funding round in 2021. The company was founded by Jimmy, Joey, and Jake to commercialize the Google-published Zanzibar paper on authorization systems, which they believe will enable scalable and flexible management of permissions. AuthZed has grown rapidly, achieving millions in revenue and tripling each year, and plans to use the new funding to build and commercialize its next big bets, including bringing its Materialize product to general availability and expanding its offerings to smaller businesses. The company's approach to venture capital is unique, with a focus on growing mostly out of its own revenue and making strategic decisions that impact the timeline and amount of funding.