Okta closes $75 million in financing

Okta, the leading identity and mobility management company, has secured $75 million in new financing. Existing investors Andreessen Horowitz, Greylock Partners and Sequoia Capital, who have witnessed Okta's rapid growth first-hand, led the round with participation from Khosla Ventures, Altimeter, Glynn Capital and others. Since its founding in 2009, Okta has now raised a total of $230 million.

“We’re at an important inflection point where IT leaders, product developers, industry analysts and the biggest technology companies in the world are acknowledging the critical role identity plays in connecting people, apps, devices and organizations,” said Todd McKinnon, Okta CEO. “Okta pioneered cloud-based identity management, which set us up to become the foundation for secure connections between people and technology. We’ll leverage our new capital to build on that foundation, accelerating our leadership position, driving deeper innovation across all our product lines, and continuing our growth and expansion into new regions.”


"Todd McKinnon and Frederic Kerrest had a vision for the future of cloud computing that has propelled Okta to become the runaway market leader in Identity Management," said Ben Horowitz, cofounder and partner, Andreessen Horowitz. "This new round of funding will enable them to expand their scope to secure everything that people interact with and bring that solution to the world."

DE-CIX introduces AWS Cloud On-Ramp in Istanbul for secure, high-performance cloud access,...
Hitachi Vantara's Virtual Storage Platform One lands on Google Cloud Marketplace, enhancing hybrid...
Optus partners with Nokia to enhance 5G services with a cloud-native approach, leveraging hybrid...
Numecent's latest update introduces native support for Windows on Arm, paving the way for seamless...
Leostream introduces a secure solution for external stakeholders, ensuring safe and efficient...
Zen Internet earns AWS Small and Medium Business Competency, reinforcing its dedication to SMBs...
Parallel Works introduces its ACTIVATE AI Partner Ecosystem, enhancing AI infrastructure with...
Brazil's Hcor harnesses Oracle's cloud solutions to independently manage critical immunology...