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About Okta
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.
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
Greylock Partners
Andreessen Horowitz
SV AngelBenefits
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
6 month growth
↑ 0%1 year growth
↑ 2%2 year growth
↑ 1%Okta introduces Cross App Access to secure AI agents in enterprise.
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.
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.
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.
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.
Okta is Hiring for 339 Jobs on Simplify!
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About Okta
Industries
Enterprise Software
Cybersecurity
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
San Francisco, California
Founded
2009
Okta is Hiring for 339 Jobs on Simplify!
Find jobs on Simplify and start your career today