Okta, Inc. is a leading identity and access management (IAM) company that provides cloud-based solutions to securely connect individuals and organizations to the technology resources they need.
Okta was co-founded by Todd McKinnon and Frederic Kerrest, both former Salesforce executives. Since its inception, the company has experienced significant growth, expanding its workforce to over 5,900 employees as of 2024. Founded in 2009, Okta specializes in identity management, offering services that enable users to securely access various applications and devices. The company's platform is designed to manage and secure user authentication into applications, allowing developers to build identity controls into applications, websites, web services, and devices.
Okta has undergone multiple funding rounds, raising a total of $229.25 million over nine rounds. In 2015, the company secured $75 million in venture capital from investors including Andreessen Horowitz, Greylock Partners, and Sequoia Capital, achieving a valuation of approximately $1.2 billion. The company went public in 2017, raising an additional $187 million through its initial public offering (IPO).
Okta provides a comprehensive suite of identity management solutions, including:
Single Sign-On (SSO): Allows users to access multiple applications with a single set of login credentials.
Multi-Factor Authentication (MFA): Enhances security by requiring users to provide multiple forms of verification.
Universal Directory: Offers a flexible and secure user store to customize, organize, and manage any set of user attributes.
Lifecycle Management: Automates user onboarding and offboarding processes, ensuring appropriate access at all times.
API Access Management: Secures APIs by managing authentication and authorization between services.
These products are designed to support a wide range of workforce and customer identity use cases, delivering critical business outcomes for organizations.
Okta has strategically acquired several companies to enhance its product offerings:
Auth0 (2021): Acquired for $6.5 billion to strengthen customer identity and access management solutions.
atSpoke (2021): Purchased for $90 million to improve identity governance capabilities.
Okta emphasizes a set of core values established since its founding, focusing on customer success, innovation, integrity, and transparency. These values guide the company's operations and interactions with clients and partners.
As of January 2019, Okta's CEO announced that the company has over 100 million registered users. The company's solutions are utilized by organizations worldwide, ranging from small businesses to large enterprises, across various industries.
