About Okta
Okta provides identity and access management solutions that help businesses and organizations securely manage user access to resources. Their cloud-based platform includes tools like single sign-on (SSO), multi-factor authentication (MFA), and lifecycle management, which streamline IT operations and enhance security. Unlike many competitors, Okta focuses on delivering a comprehensive suite of services that cater to a wide range of clients, from large enterprises to government agencies. The company's goal is to ensure that the right individuals have access to the right resources at the right times, addressing the growing need for security in an increasingly digital world.
San Francisco, CaliforniaHeadquarters
2009Year Founded
$223MTotal Funding
IPOCompany Stage
Enterprise Software, CybersecurityIndustries
5,001-10,000Employees
Benefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
401(k) Company Match
Paid Vacation
Paid Sick Leave
Paid Holidays
Flexible Work Hours
Remote Work Options
Parental Leave
Risks
Security vulnerability with usernames bypassing password requirements poses a significant risk.
Intensifying competition from Google Cloud's mandatory MFA could pressure Okta's offerings.
Need for improved software quality and security practices, including red teaming.
Differentiation
Okta integrates with over 5,000 apps, offering extensive connectivity options.
Recognized as a leader in the Gartner Magic Quadrant for Access Management for 8 years.
Provides a cloud-based platform with SSO, MFA, and API access management.
Upsides
Increased demand for identity solutions due to AI fraud and social engineering threats.
Strategic partnerships, like with AWS, enhance market visibility and sales potential.
Participation in AI security funding rounds indicates future innovation opportunities.
Funding
Total raised$223.00 M
Latest valuation$1.50 B
StageIPO
POST IPO EQUITY
5/31/2020$1.0 K
IPO
3/31/2017$187
$1.50 BSERIES F
8/31/2015$75
$1.10 BSERIES E
5/31/2014$75
$600.00 MSERIES D
8/31/2013$27
$135.00 MSERIES C
11/30/2012$25
$125.00 MSERIES B
7/31/2011$16
$82.50 MSERIES A
1/31/2010$10
$50.00 MSEED
8/31/2009$1
$3.75 M