Okta closes $75 million in financing

“We’re at an important inflection point where IT leaders, product developers, industry analysts and the biggest technology companies in the world are acknowledging the critical role identity plays in connecting people, apps, devices and organizations,” said Todd McKinnon, Okta CEO. “Okta pioneered cloud-based identity management, which set us up to become the foundation for secure connections between people and technology. We’ll leverage our new capital to build on that foundation, accelerating our leadership position, driving deeper innovation across all our product lines, and continuing our growth and expansion into new regions.”

"Todd McKinnon and Frederic Kerrest had a vision for the future of cloud computing that has propelled Okta to become the runaway market leader in Identity Management," said Ben Horowitz, cofounder and partner, Andreessen Horowitz. "This new round of funding will enable them to expand their scope to secure everything that people interact with and bring that solution to the world."