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Okta Secures $25M Series C Financing

By TechTaffy Desk

[Techtaffy Newsdesk]

Okta has closed a $25 million round in series C financing led by Sequoia Capital. The company’s existing investors also participated in the funding round. Okta investors include Andreessen Horowitz, Khosla Ventures, Greylock Partners, and Floodgate. This funding brings Okta’s total investment to $52.5 million.

Okta is an enterprise grade identity management service, built from the ground up in the cloud. The Okta service provides directory services, single sign-on, strong authentication, provisioning, workflow, and built in reporting. Currently the company has has more than 200 enterprise customers, adding more than 140 of those, including Allergan, BMC Software, Clorox, Groupon and National Geographic, in 2012.

[Image courtesy: Okta]

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