Okta

Okta

Cloud-based identity and access management

Overview

Company Historically Provides H1B Sponsorship

Okta provides a cloud-based platform that manages and secures digital identities for businesses and government agencies. The software works by centralizing user authentication through tools like single sign-on and multi-factor authentication, allowing employees to access all their work applications with one secure login. Unlike traditional hardware-based security, Okta operates entirely in the cloud, making it easier to manage remote workforces and automate the process of granting or removing access as employees join or leave a company. The company's goal is to ensure that the right individuals have secure access to the right digital resources at the right time.

About Okta

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

Industries

Enterprise Software

Cybersecurity

Company Size

5,001-10,000

Company Stage

IPO

Headquarters

San Francisco, California

Founded

2009

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Simplify's Take

What believers are saying

  • August 26, 2026 revenue reached $805 million, up 11%, with RPO at $4.86 billion.
  • Okta raised fiscal 2027 revenue guidance to $3.22-$3.23 billion after strong AI bookings.
  • Permiso closed August 26, 2026, expanding threat detection and boosting cross-sell into enterprise accounts.

What critics are saying

  • Microsoft Entra bundles identity with Office 365, compressing Okta pricing by 2027.
  • A major breach or auth outage would cripple trust and trigger customer churn immediately.
  • AI-agent security remains unproven; one failed rollout lets CrowdStrike or Palo Alto win.

What makes Okta unique

  • September 2026: Okta remains the neutral identity layer across workforce, customer, and agents.
  • Okta for AI Agents and FedRAMP/HIPAA support deepen regulated enterprise lock-in.
  • Permiso Security adds runtime detection across human, nonhuman, and agent identities.

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Funding

Total Funding

$1.4B

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

-11%

2 year growth

0%
Calcalist Tech
Sep 2nd, 2026
Blackstone leads $27M round in Israeli cyber startup Huskeys building AI layer for web firewalls

Israeli cybersecurity startup Huskeys has raised $27 million in a funding round led by US investment giant Blackstone, bringing total funding to $35 million. The company is developing an agentic AI layer for web application firewalls, technology it argues needs updating for an era of autonomous AI agents. Investors include Skinos Ventures, Shlomo Kramer's Yishay Yovel fund, and investment arms of Okta and Zscaler, alongside executives from Google, Microsoft, Palo Alto Networks, and other tech firms. Okta and Zscaler have formed strategic partnerships with Huskeys. Founded by Unit 8200 alumni Itai Gafni and Roy Weissfeld, the company has secured customers including TikTok, Legoland, and Hugging Face since emerging from stealth five months ago.

SecurityBrief Asia
Sep 2nd, 2026
Sectigo appoints Ian Hassard as Chief Product Officer.

Sectigo appoints Ian Hassard as Chief Product Officer. Wed, 2nd Sep 2026 (Today) Sectigo has appointed Ian Hassard as Chief Product Officer, adding a senior product executive to the certificate management company's leadership team. Hassard will lead global product strategy and oversee further development of Sectigo Certificate Manager, the company's certificate lifecycle management platform. The appointment comes as companies face shorter certificate lifespans, rising numbers of non-human identities, and preparations for post-quantum cryptography. Certificate lifecycle management has become a closer focus for cyber and IT operations as businesses handle growing numbers of digital certificates used to secure websites, applications, devices, and machine-to-machine communications. Shorter certificate validity periods can increase the operational burden on internal teams, particularly when certificate inventories are fragmented or renewal processes remain manual. In the role, Hassard will work with engineering and go-to-market teams to set product direction and shape how Sectigo adapts its platform to changing customer and market requirements. The hire brings Sectigo an executive with more than 20 years of experience across identity, cybersecurity, and software-as-a-service markets. Before joining Sectigo, Hassard was Vice President of Product Management at Okta, where he led product strategy across the Auth0 and Okta Customer Identity portfolio. Earlier in his career, he co-founded RootSecure, a cybersecurity company later acquired by Arctic Wolf. He then held product leadership roles at Arctic Wolf during a period of growth for the business. Sectigo is framing the appointment as part of a broader push to expand its certificate lifecycle management platform as digital identity management becomes more complex. It says it serves more than 700,000 customers, including 65% of the Fortune 500. Digital certificates sit at the centre of secure online communications, but they also create operational risks when organisations lose visibility into where certificates are deployed and when they expire. Unmanaged certificates can lead to service outages, compliance problems, and disruption across networks, cloud systems, and connected devices. Market pressure The issue has gained prominence as machine identities proliferate across enterprise environments. As more workloads move across hybrid and cloud infrastructure, companies are managing far larger certificate inventories than in the past, making automated oversight a more important part of security operations. That backdrop has created a competitive market for vendors offering tools to discover, issue, renew, and revoke certificates across complex IT estates. Identity and access management groups, cybersecurity specialists, and certificate authorities have all sought to deepen their role in that market. Chief Executive Officer Kevin Weiss described Hassard as a product leader suited to that environment. "Ian is the kind of product leader who can turn a rapidly changing market into a clear and compelling product vision," said Kevin Weiss, Chief Executive Officer, Sectigo. "He has an impressive track record of building and scaling security and identity products through periods of significant growth and complexity, while translating major technology shifts into solutions customers can adopt and trust. Ian's leadership will strengthen our ability to deliver on our promise of Simplicity at Scale and accelerate the next phase of innovation across our CLM platform." Hassard's experience at Okta is likely to be relevant as identity products increasingly overlap with certificate and machine identity management. Businesses are under pressure to manage not only workforce and customer identities, but also the credentials used by software workloads, devices, and automated systems. His focus will include helping customers simplify certificate operations, reduce risk, and prepare for shifts in digital trust requirements, including the eventual transition to cryptographic standards designed to withstand attacks from quantum computers. Product focus Post-quantum cryptography has become a strategic planning issue for many security vendors and large enterprises, even though broad implementation remains at an early stage. For certificate management providers, that creates a need to support migration planning and lifecycle controls as cryptographic standards evolve. Hassard said certificate lifecycle management now sits at the centre of digital operations for many organisations. "Certificate Lifecycle Management is becoming foundational to how organizations secure digital operations at scale," said Hassard. "Sectigo has the market position, technology and depth of expertise to define where this category goes next. I'm excited to build on that strength and advance a platform that makes it easier for organizations to manage growing certificate complexity, reduce risk and prepare for what comes next." Hassard also brings an inventor's background to the role, with multiple patents spanning identity, security, and emerging technologies, according to Sectigo. The profile suggests the company is seeking product leadership with both commercial and technical depth as competition intensifies in digital trust and machine identity management. Sectigo has operated in the certificate authority market for more than 20 years. It remains one of the larger established providers in a sector being reshaped by automation demands, tighter security controls, and the growing volume of certificates inside modern IT environments.

Yahoo Finance
Sep 1st, 2026
Okta gets $200 price target on AI agent security demand

Needham raised its price target on Okta to $200 from $140, maintaining a Buy rating. The upgrade follows the identity management company's fiscal second-quarter results, which beat expectations with revenue rising 11% year-over-year to $805 million and adjusted earnings reaching $1.05 per share. The analyst firm cited growing demand for Okta's identity products among large enterprise customers and increasing partner engagement. Current remaining performance obligations rose 14% to $2.585 billion. Needham highlighted AI agent adoption as a key growth driver. As companies deploy AI agents requiring access controls, demand for securing non-human identities is expanding. Okta is developing tools specifically for this emerging security need. The firm sees momentum from enterprises updating identity systems alongside AI deployment, creating a dual growth opportunity.

Business Insider
Aug 30th, 2026
Stifel Nicolaus remains a Buy on Okta (OKTA).

Stifel Nicolaus remains a Buy on Okta (OKTA). Aug. 30, 2026, 08:05 PM In a report released yesterday, Adam Borg from Stifel Nicolaus maintained a Buy rating on Okta, with a price target of $180.00. According to TipRanks, Borg is a 5-star analyst with an average return of 19.5% and a 69.14% success rate. Borg covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Cloudflare, and Autodesk. In addition to Stifel Nicolaus, Okta also received a Buy from Guggenheim's John Difucci in a report issued on August 27. However, on August 28, Susquehanna maintained a Hold rating on Okta (NASDAQ: OKTA). Based on Okta's latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of $805 million and a net profit of $116 million. In comparison, last year the company earned a revenue of $728 million and had a net profit of $67 million Based on the recent corporate insider activity of 76 insiders, corporate insider sentiment is neutral on the stock. Most recently, in June 2026, Jacques Frederic Kerrest, a Director at OKTA bought 6,300.00 shares for a total of $744,156.00. Read More on OKTA:

Ciente
Aug 28th, 2026
Anthropic and OpenAI join Disrupt 2026 in San Francisco.

Anthropic and OpenAI join Disrupt 2026 in San Francisco. Key executives from Anthropic, OpenAI, AWS, and Okta will tackle agentic security, ROI, and more live at TechCrunch Disrupt 2026. Enterprise tech leaders want raw deployment facts, true infrastructure costs, and clear security playbooks. Something more than generic AI hype. Anthropic and OpenAI just agreed to deliver those answers live at San Francisco's TechCrunch Disrupt 2026 this October. Senior executives will skip routine product pitches to share battle-tested enterprise lessons: * Anthropic's Cat de Jong will break down what actually works and what fails- when companies integrate Claude models into complex workflows. * OpenAI's Tara Seshan will detail how autonomous agents alter go-to-market strategies and reshape corporate job roles. * Security experts from Okta and AWS will map out the true infrastructure costs and hidden vulnerabilities of agentic AI. This agenda targets the exact friction points keeping CIOs and engineering leaders awake at night. They must navigate the challenges accompanying the shift from experimental pilots to enterprise-level production. Think governance, security, and soaring token budgets. Putting Anthropic and OpenAI on the same stage gives decision-makers a rare reality check. They don't want to hear vague promises. But one thing's for certain- these execs will walk away with clear strategies to build upon and implement a secure AI future.

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