Okera

Okera

Data access control and governance solutions

About Okera

Simplify's Rating
Why Okera is rated
A
Rated B on Competitive Edge
Rated A+ on Growth Potential
Rated A on Rating Differentiation

Industries

Data & Analytics

Enterprise Software

Cybersecurity

Company Size

51-200

Company Stage

Series B

Total Funding

$28.8M

Headquarters

San Francisco, California

Founded

2016

Overview

Okera provides data access control and governance solutions for large enterprises in industries like pharmaceuticals, healthcare, and apparel manufacturing. Their platform allows users to manage data access at a very detailed level, down to individual cells, which enhances the security of sensitive information. The platform also features data discovery capabilities that automatically identify and tag sensitive data, helping companies comply with regulations such as GDPR. Okera operates on a Software-as-a-Service (SaaS) model, where clients subscribe to their platform to manage and secure data lakes, enabling self-service analytics while ensuring compliance with data privacy laws. This approach not only helps clients unlock the value of their data but also leads to significant cost savings and risk reduction, making Okera distinct in the big data and data security market.

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Simplify's Take

What believers are saying

  • Databricks acquisition enhances Okera's market reach and resource availability.
  • Growing demand for AI-driven data governance boosts Okera's market potential.
  • Okera's integration with Snowflake taps into a popular cloud data warehousing ecosystem.

What critics are saying

  • Databricks acquisition may alienate Okera customers not aligned with new strategic direction.
  • Integration with Databricks could lead to service disruptions affecting customer satisfaction.
  • Focus on AI-centric governance may weaken Okera's traditional data governance position.

What makes Okera unique

  • Okera offers unprecedented cell-level data access control for enhanced data security.
  • The platform's no-code policy engine simplifies data governance for non-technical users.
  • Okera's AI-powered data discovery automatically identifies and tags sensitive information.

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Funding

Total Funding

$28.8M

Below

Industry Average

Funded Over

3 Rounds

Notable Investors:
Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Below Average

Industry standards

$35M
$30M
Patreon
$45M
Linktree
$65M
Substack
$100M
ClickUp

Benefits

Parental leave

Medical, dental, & vision benefits

Generous stock options

Hybrid work environment

Unlimited time off

New employee recruiting referral bonus

401k plan

Monthly wellness supplement

Quarterly in-person team building events

Professional development stipend

Remote virtual work meal & snack monthly stipend

Cell phone/internet stipend

Company News

ITPro
Jun 28th, 2023
Databricks CEO rebuffs claims of ‘generative AI bubble’ following $1.3bn MosaicML acquisition | ITPro

Databricks has also made a string of recent AI acquisitions, with the MosaicML purchase following deals to acquire Okera in May and Rubicon in June.

Databricks
May 5th, 2023
Welcome Okera: Adopting an AI-centric approach to governance

For a decade, Databr

DemandTalk
May 5th, 2023
News | Databricks Announces Acquisition of Okera for Managing AI Data Governance | DemandTalk

As a part of the acquisition, the Okera team will join forces with Databricks.

Channel Asia
May 4th, 2023
Databricks acquires AI-centric Okera to aid data governance in LLMs

San Francisco-headquartered Okera, which was founded in 2016 by Amandeep Khurana and Nong Li, has raised over $29 million in funding from investors such as Bessemer Venture Partners, Alumni Ventures, and Felicis.

TechCrunch
May 3rd, 2023
Databricks Acquires Ai-Centric Data Governance Platform Okera

Databricks today announced that it has acquired Okera, a data governance platform with a focus on AI. The two companies did not disclose the purchase price. According to Crunchbase, Okera previously raised just under $30 million. Investors include Felicis, Bessemer Venture Partners, Cyber Mentor Fund, ClearSky and Emergent Ventures.Data governance was already a hot topic, but the recent focus on AI has highlighted some of the shortcomings of the previous approach to it, Databricks notes in today’s announcement. “Historically, data governance technologies, regardless of sophistication, rely on enforcing control at some narrow waist layer and require workloads to fit into the ‘walled garden” at this layer,’ the company explains in a blog post. That approach doesn’t work anymore in the age of large language models (LLMs) because the number of assets is growing too quickly (in part because so much of it is machine-generated) and because the overall AI landscape is changing so quickly, standard access controls aren’t able to capture these changes quickly enough.Okera then uses an AI-powered system that can automatically discover and classify personally identifiable information, tag it, and apply rules to this (with a focus on the metadata), using a no-code interface.As the Databricks team stressed, that’s one of the reasons the company was interested in acquiring Okera, but the other is the service’s isolation technology, which can enforce governance control on arbitrary workloads without any major overhead

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