Okta, a San Francisco, CA-based enterprise-grade identity management service, closed $25m in Series C funding.
The round was led by new investor Sequoia Capital, which joied existing investors Andreessen Horowitz, Greylock Partners, Khosla Ventures and FLOODGATE.
Led by Todd McKinnon, CEO, Adam Aarons, SVP of Worldwide Sales, Hector Aguilar, VP of Engineering, David Baker, CSO and, Kara Wilson, CMO, Okta provides a cloud-native service that enables IT to securely manage access across any application, person or device with directory services, single sign-on, authentication, provisioning and workflow capabilities. It integrates with on-premises directories and identity systems, as well as thousands of on-premises, cloud-based and mobile applications.
In September, the company signed a partnership with Workday, introducing a cloud-native, HR-driven identity lifecycle management solution. Okta has also developed relationships with more than 2,000 cloud applications, all of which come pre-integrated in the Okta Application Network.
It serves more than 200 enterprise customers including SaaS companies such as Jive, Lithium and SuccessFactors, and Allergan, BMC Software, Clorox, Groupon and National Geographic.
FinSMEs
05/12/2012