Startup profile for Okta: latest funding, latest known valuation, total disclosed funding, investors, status, sources, and why the company is interesting. Part of the Venture Capital Tracker startup directory.
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Okta funding, valuation and investors

Enterprise identity and access management — SSO, MFA, and workforce identity cloud.

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Funding, valuation & investors

Answer-first snapshot

Latest funding

Series C

$25M · December 2012

Latest known valuation

Not publicly disclosed

Total disclosed equity funding

$25M

Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.

Current status

public

public · San Francisco, California, USA

Investors in latest funding

Lead: Sequoia

Other: Andreessen Horowitz , Greylock Partners , Khosla Ventures , Floodgate

Sources: latest funding Last verified: 2026-07-25

Overview

Okta provides cloud identity and access management for enterprises: single sign-on (SSO), multi-factor authentication, lifecycle management, and API access control. Founded in 2009 by Todd McKinnon (ex-Salesforce) and Frederic Kerrest, Okta became the default directory-connected SSO layer as companies moved from on-prem Active Directory to SaaS apps. Sequoia led its Series C in 2012 with a16z, Greylock, Khosla Ventures, and Floodgate participating. Okta went public on NASDAQ (OKTA) in April 2017 and expanded via Auth0 acquisition (2021) into customer identity (CIAM).

Why Okta is interesting

Defined cloud SSO before zero-trust was buzzword — Sequoia-led growth rounds with Greylock, Khosla, and a16z preceded a 2017 IPO that made identity infrastructure a standalone public category.

Product & use cases

Okta Identity Cloud connects workforce and customer identities to thousands of apps via SSO, adaptive MFA, provisioning, and API authorization. Auth0 adds developer-centric CIAM for customer-facing applications.

  • Enterprise SSO so employees access SaaS apps with one login
  • Adaptive MFA and zero-trust access policies for remote workforces
  • Automated user provisioning/deprovisioning from HR systems
  • Customer identity (login/signup) for B2C apps via Auth0

Key facts

  • Series C (Dec 2012): $25M led by Sequoia; a16z, Greylock, Khosla, Floodgate — TechCrunch
  • IPO (Apr 2017): NASDAQ ticker OKTA
  • Auth0 acquired 2021 for ~$6.5B — expanded customer identity (CIAM)
  • Founded by ex-Salesforce executive Todd McKinnon
  • One of defining public cybersecurity/identity stocks of the SaaS era

Funding history (newest first)

Series C

2012-12 $25M

Source: https://techcrunch.com/2012/12/03/okta-raises-25m-from-sequoia-to-keep-building-out-its-cloud-based-single-sign-on-service/

Investors in our directory

Funds linked from Okta's profile — open a fund page for stage focus and related deal articles.

Andreessen Horowitz Sequoia Capital Khosla Ventures Greylock Floodgate

Competitive landscape

Edge: First-mover network of pre-built SaaS integrations and enterprise sales motion; Auth0 acquisition extended reach into developer-led CIAM without greenfield build.

Identity is consolidating around platform bundles (Microsoft, Google) vs neutral IAM (Okta). Okta's bet is multi-cloud SaaS sprawl needs a vendor-agnostic control plane. Auth0 widened TAM into customer identity but integration complexity and 2022 breach headlines tested enterprise trust. Public market values recurring seat-based revenue tied to workforce growth.

  • Microsoft Entra ID (Azure AD) incumbent

    Bundled with Microsoft 365; default choice for Windows-heavy enterprises. Okta competes as neutral best-of-breed.

  • Ping Identity direct

    Enterprise IAM with strong hybrid/on-prem heritage; overlaps on large regulated customers.

  • CyberArk adjacent

    Privileged access management focus; partners/overlaps at identity security budget line.

  • Google Workspace identity adjacent

    Identity layer for Google-centric shops; less neutral third-party than Okta for multi-cloud SaaS.

Notable stories

  • Todd McKinnon left Salesforce as SVP of engineering to start Okta when cloud SSO was still sold as on-prem federation appliances — betting SaaS app explosion would need cloud-native identity.
  • Google Ventures' John Doerr parallels appear in other identity bets; Okta's 2017 IPO helped legitimize standalone IAM vs Microsoft bundle.

Industries

Cybersecurity Enterprise SaaS

Market / IPO context

Ticker: OKTA (NASDAQ)

IPO status: public

IPO date: 2017-04-07

Editorial / static context — not a live quote.

FAQs about Okta

Practical answers founders, operators, and investors typically search for.

Okta provides cloud identity and access management: single sign-on, multi-factor authentication, user lifecycle management, and API access control for workforce and customer applications.
Before its 2017 IPO, Sequoia (/fund/sequoia) led Okta's Series C with Andreessen Horowitz (/fund/andreessen-horowitz), Greylock (/fund/greylock-partners), Khosla Ventures (/fund/khosla-ventures), and Floodgate (/fund/floodgate) participating.
Okta IPO'd on NASDAQ under ticker OKTA in April 2017.
Okta trades on NASDAQ as OKTA.
Microsoft Entra (Azure AD) is bundled with Microsoft 365 and suits Windows-centric enterprises. Okta positions as vendor-neutral SSO across Google, Salesforce, AWS, and thousands of SaaS integrations.
Yes. Okta acquired Auth0 in 2021 for approximately $6.5B, adding developer-focused customer identity (CIAM) to its workforce IAM core.
Todd McKinnon (CEO) and Frederic Kerrest co-founded Okta in 2009. McKinnon previously led engineering at Salesforce.
Okta reports public financials as a NASDAQ company. Profitability varies by period as the company invests in growth and integration; see latest SEC filings for current margins.
Enterprises use Okta so employees sign in once to access approved cloud apps, enforce MFA, and automate onboarding/offboarding. Auth0 handles login for customer-facing products.
a16z participated in Okta's venture rounds before IPO. The company remains a reference point for identity infrastructure in enterprise SaaS.
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