Okta Raises $75M in Financing

oktaOkta, a San Francisco CA-based identity and mobility management company, raised $75m in financing.

Backers included existing investors Andreessen Horowitz, Greylock Partners and Sequoia Capital as well as Khosla Ventures, Altimeter, Glynn Capital and others.

The company, which has now raised a total of $230m, intends to use the funds to continue to expand operations.

Founded in 2009 and led by Todd McKinnon, CEO, Okta leverages the cloud to allow people to access applications on any device at any time, while still enforcing strong security policies. It integrates directly with an organization’s existing directories and identity systems, as well as 4,000+ applications.
It is used by more than 2,500 customers, including Adobe, Allergan, Chiquita, LinkedIn, MGM Resorts International and Western Union.

The company also has offices in Toronto, Seattle and the Netherlands.



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