Okta Closes $16.5M in Series B Financing

Okta, a San Francisco, CA-based on-demand identity and access management service, has closed $16.5m in Series B financing.

New investors Greylock Partners and Khosla Ventures joined existing shareholders Andreessen Horowitz and FLOODGATE.

The company intends to use the new funds to further expand.

In conjunction with the funding, David Weiden of Khosla Ventures will become a board advisor; Aneel Bhusri, co-founder and co-CEO of Workday, will join Okta’s Board.

Led by CEO Todd McKinnon, Okta provides an on-demand identity and access management service designed to enable enterprises to accelerate the adoption of their web-based applications, both in the cloud and behind the firewall. Customers include T.D. Williamson, Inc., Pandora Media, AMAG Pharmaceuticals, Inc. and Enterasys, among others.



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