About Okta
Okta is a company based in Tel Aviv (Israel) founded in 2022 by Ariel Kadyshevitch and Dor Fledel was acquired by Okta in December 2023. It operates as a SaaS (Software-as-a-Service), and Subscription Services. Okta has raised $10 million across 1 funding round from investors including Zscaler, Google and Okta. Okta offers products and services including Identity Security Posture Management, Okta Platform, and Auth0 Platform. Okta operates in a competitive market with competitors including BitGo, Riskified, Signifyd, Yoti and LifeLock, among others.
- Headquarter Tel Aviv, Israel
- Founders Ariel Kadyshevitch, Dor Fledel
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Sectors
Industrial Goods & ManufacturingFinancial Services Technology
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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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Products & Services of Okta
Okta offers a comprehensive portfolio of products and services, including Identity Security Posture Management, Okta Platform, and Auth0 Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Identity risks are managed with continuous security analysis.
Secure access is provided for all identity types.
Customer identity solutions are delivered with enterprise security.
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Funding Insights of Okta
Okta has successfully raised a total of $10M through 1 strategic funding round. The most recent funding activity was a Seed round of $10 million completed in March 2023. 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 1
- Last Round Seed — $10.0M
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First Round
First Round
(29 Mar 2023)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2023 | Amount | Seed - Okta | Valuation | YL Ventures |
| 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 |
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Investors in Okta
Okta has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Zscaler, Google and Okta. 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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YL Ventures is engaged in funding and supporting cybersecurity startups.
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A technology company offering products and services, including search engine, cloud computing, advertising, email, productivity software, and more
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AI and cloud-based platforms are utilized for cybersecurity solutions.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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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
| 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 |
Financial Statements - Okta
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 BitGo, Riskified, Signifyd, Yoti and LifeLock, 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 |
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| domain | founded_year | HQ Location |
Crypto-based custody, trading, and lending services are provided to institutions.
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AI-based fraud prevention for e-commerce payments is provided.
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Provider of fraud prevention and payment validation for online retailers
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Identity verification solutions are provided for multiple industries digitally.
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Identity theft is protected and prevented through cyber monitoring services.
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Cloud-based fraud prevention solutions are provided for businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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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 2022 and raised its 1st funding round 1 year after it was founded.
Where is Okta located?
Okta is headquartered in Tel Aviv, Israel.
Who is the current CEO of Okta?
Dor Fledel 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 $10M across 1 funding round to date. The company's 1st funding round was a Seed of $10M, raised on Mar 29, 2023.
What does Okta do?
Okta is established as a leader in identity security and access management, offering platforms like Okta and Auth0 to secure all types of identities, including human and non-human, across various industries such as public sector, financial services, and healthcare. Comprehensive solutions are provided for workforce and customer identity management, ensuring secure and seamless access. Identity Security Posture Management is utilized to continuously monitor and remediate risks, while integrations with third-party products like Azure Active Directory and AWS are supported to enhance security coverage.
What products or services does Okta offer?
Okta offers Identity Security Posture Management, Okta Platform, and Auth0 Platform.
Who are Okta's investors?
Okta has 7 investors. Key investors include Zscaler, Google, Okta, Akamai, and Palo Alto Networks.
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