About Okta
Okta is a company based in San Francisco (United States) founded in 2009 by Frederic Kerrest, Todd McKinnon, and Eugenio Pace.. Okta has raised $231.3 million across 10 funding rounds from investors including Khosla Ventures, Janus Henderson Investors and Greylock Partners. The company has 5,910 employees as of January 31, 2024. Okta has completed 9 acquisitions, including Arengu, Auth0 and Axiom Security. Okta operates in a competitive market with competitors including Ping Identity, ForgeRock, Stytch, JumpCloud and SecureAuth, among others.
- Headquarter San Francisco, United States
- Employees 5910 as on 31 Jan, 2024
- Founders Frederic Kerrest, Todd McKinnon, Eugenio Pace
- Stage Public
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Sectors
Technology
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Email
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Phone
*********
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Website
*********
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Social
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- Legal Name Okta, Inc.
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Annual Revenue
$2.61 B15.33as on Jan 31, 2024
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Net Profit
$28 M107.89as on Jan 31, 2024
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EBITDA
$35 M109.7as on Jan 31, 2024
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Total Equity Funding
$231.3 M (USD)
in 10 rounds
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Latest Funding Round
$300 M (USD), Post-IPO
Feb 21, 2018
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Investors
Khosla Ventures
& 8 more
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Employee Count
5910
as on Jan 31, 2024
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Investments & Acquisitions
Arengu
& 8 more
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IPO & Listings of Okta
Okta is a publicly listed company on the NASDAQ with ticker symbol OKTA in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Software Development Team
288 people
Sales and Marketing
161 people
Leadership Team
143 people
Senior Team
55 people
Product Management Team
24 people
Human Resources and Administration
21 people
Operations Team
20 people
Legal and Compliance
20 people
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Funding Insights of Okta
Okta has successfully raised a total of $231.3M across 10 strategic funding rounds. The most recent funding activity was a Post-IPO round of $300 million completed in February 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Post-IPO — $300.0M
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First Round
First Round
(02 Sep 2009)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2018 | Amount | Post-IPO - Okta | Valuation |
investors |
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| Jul, 2017 | Amount | Seed - Okta | Valuation |
investors |
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| Sep, 2015 | Amount | Series F - Okta | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Okta
Okta has secured backing from 9 investors, including venture fund investors. Prominent investors backing the company include Khosla Ventures, Janus Henderson Investors and Greylock Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm specializing in early-stage tech investments and founder support.
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Founded Year | Domain | Location | |
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location | |
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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Okta
Okta has strategically engaged in corporate development activities, having acquired 9 companies. Notable acquisitions include Arengu, Auth0 and Axiom Security. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Okta is recognized for providing identity security and access management solutions.
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2022 | ||||
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Platform offering identity and access management software
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2021 | ||||
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Provider of password manager solution
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2018 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Okta
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Okta Comparisons
Competitors of Okta
Okta operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ping Identity, ForgeRock, Stytch, JumpCloud and SecureAuth, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based identity management solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Cloud-based identity verification solutions are provided for customers.
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| domain | founded_year | HQ Location |
User authentication solutions are provided for modern applications.
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| domain | founded_year | HQ Location |
Cloud-based directory management for user and IT authentication is provided.
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| domain | founded_year | HQ Location |
Platform that features in customer identity and access management solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Okta
Frequently Asked Questions about Okta
When was Okta founded?
Okta was founded in 2009.
Where is Okta located?
Okta is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Okta?
Todd McKinnon is the current CEO of Okta. They have also founded this company.
Is Okta a funded company?
Okta is a funded company, having raised a total of $231.3M across 10 funding rounds to date. The company's 1st funding round was a Series F of $75M, raised on Sep 02, 2009.
How many employees does Okta have?
As of Jan 31, 2024, the latest employee count at Okta is 5,910.
What is the annual revenue of Okta?
Annual revenue of Okta is $2.61B as on Jan 31, 2024.
What does Okta do?
Founded in 2009 and headquartered in San Francisco, United States, Okta operates as a cloud-based platform in the identity and access management sector. User identities are managed, authentication and authorization are enabled for employees, customers, and partners, and security policies are enforced across applications and devices. Services support various enterprises in securing access to diverse digital environments.
Who are the top competitors of Okta?
Okta's top competitors include Ping Identity, ForgeRock and Stytch.
Is Okta publicly traded?
Yes, Okta is publicly traded on NASDAQ under the ticker symbol OKTA.
How many acquisitions has Okta made?
Okta has made 9 acquisitions, including Arengu, Auth0, and Axiom Security.
Who are Okta's investors?
Okta has 9 investors. Key investors include Khosla Ventures, Janus Henderson Investors, Greylock Partners, Andreessen Horowitz, and Sequoia Capital.
What is Okta's ticker symbol?
The ticker symbol of Okta is OKTA on NASDAQ.
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