Okta Raises $75M in Series E Financing
Summary
Okta, a San Francisco, CA-based provider of identity management solutions, raised $75m in Series E financing.As part of the agreement, Sequoia Capital’s Pat Grady will join Okta’s Board of Directors.The company intends to use the funds to grow its Enterprise Identity Network and open a new office in Sydney, Australia, to expand there and in Asia Pacific, and accelerate product innovation.Founded in 2008 Todd McKinnon, Chief Executive Officer, and Frederic Kerrest, Chief Operating Officer, Okta provides a cloud-based enterprise grade identity management service to manage access across any application, person or device.Clients include Activision, Allergan, BMC Software, Groupon, Informatica, LinkedIn, Purolator and SAP.
Funding
Amount
$75.0M
Total raised
Date
June 9, 2014
Announcement date
Investors
Altimeter Capital, Okta Ventures, Greylock, Kholsa Ventures, Andreessen Horowitz
Lead investors
Company
http://www.okta.com
Funded company
Classifications
industries
InsurTech
applications
Web and Content Management
AskAI Classifications
Labels
Identity and Access Management
Cybersecurity Software
SaaS
Linked Companies
Okta
$1M to $5M
Policy Works
$250M to $500M