Okta

Okta

Identity and access management solutions provider

About Okta

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

Industries

Enterprise Software

Cybersecurity

Company Size

5,001-10,000

Company Stage

IPO

Headquarters

San Francisco, California

Founded

2009

Overview

Company Historically Provides H1B Sponsorship

Okta provides identity and access management solutions that help businesses and organizations securely manage user access to resources. Their cloud-based platform includes tools for single sign-on (SSO), multi-factor authentication (MFA), lifecycle management, and API access management. These products work by ensuring that only authorized individuals can access specific resources, streamlining IT operations, and enhancing security. What sets Okta apart from competitors is its focus on a subscription-based model, which offers predictable revenue and allows clients to access a comprehensive suite of services. The goal of Okta is to provide secure and seamless access solutions that meet the growing demands of cybersecurity, especially in an era of increased remote work and digital transformation.

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Simplify's Take

What believers are saying

  • Cross App Access enhances Okta's value in AI-integrated business processes.
  • Investment in Cerby and ClearVector expands Okta's identity and cloud security capabilities.
  • Mike Reddie's appointment strengthens Okta's leadership in the Asia-Pacific region.

What critics are saying

  • AI-driven DLP platforms like MIND pose competitive threats to Okta's solutions.
  • Cerby's focus on automating identity security may challenge Okta's offerings.
  • Zero Trust adoption pressures Okta to enhance identity defenses and integrate AI.

What makes Okta unique

  • Okta offers deep integrations with over 5,000 apps for seamless access.
  • The company provides a cloud-based platform for user authentication and authorization.
  • Okta's subscription model ensures a steady and predictable revenue stream.

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Funding

Total Funding

$1416.3M

Above

Industry Average

Funded Over

9 Rounds

Post IPO Equity funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Equity Funding Comparison
Coming Soon

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

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↑ 2%

2 year growth

↑ 1%
Security Boulevard
Jun 23rd, 2025
Okta Introduces Cross App Access to Secure AI Agents in Enterprise

Okta introduces Cross App Access to secure AI agents in enterprise.

MENAFN
Jun 4th, 2025
MIND Secures $30M for AI DLP Revolution

MIND has raised $30 million in Series A funding to enhance its AI-driven data loss prevention (DLP) platform. The company has seen 500% customer growth in seven months and is gaining traction among Fortune 1000 companies. MIND's platform autonomously manages DLP and insider risk, reducing false positives and enabling real-time threat detection. The funding will help double its R&D and go-to-market teams by year's end, positioning MIND as a leader in AI-native DLP solutions.

Tech Funding News
May 28th, 2025
Cerby secures $40M to enhance identity security

Cerby has raised $40 million in a Series B funding round led by DTCP, with participation from Okta Ventures, Salesforce Ventures, and Two Sigma Ventures, bringing total funding to $72.5 million. Cerby automates identity security for applications that traditional tools miss, enhancing security and compliance while reducing costs. The new funds will enhance the Cerby Application Network, focusing on agentic AI capabilities and platform extensibility to meet growing customer demand.

The CyberWire
May 21st, 2025
Business Briefing for 05.21.25

Virginia-based cloud security company ClearVector has raised $13 million in a Series A round led by Scale Venture Partners, with participation from Okta Ventures, Inner Loop Capital, and existing investor Menlo Ventures.

iTWire
May 16th, 2025
Okta appoints Mike Reddie as Vice President and General Manager for ANZ [Featured]

Okta has announced the appointment of Mike Reddie as Vice President and General Manager for Australia and New Zealand (ANZ), strengthening Okta's regional leadership and commitment to helping organisations navigate an increasingly complex threat landscape.

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