Okta gets $25M more to take on cloud identity management

Okta, an almost-four-year-old startup pushing a new type of identity management aimed at cloud-based enterprise applications, has raised $25 million in third-round funding. This round brings the San Francisco-based company to $52 million in total funding. New investor Sequoia Capital led the round with existing investors Andreessen Horowitz, Greylock Partners, Khosla Ventures and Floodgate also participating.

Okta is part of the cohort of companies that have seen the shift to the cloud as an opportunity to rethink the way legacy enterprise software is built. Other players include BoundaryAryaka andWorkday. Each of these firms has seen the way that cloud computing and software as a service can disrupt the enterprise IT market and have made bold bets building out new services that take advantage of the decentralized nature of the cloud, cheaper compute or new business models. The real question as the startups gain customers and credibility is which of the IT giants will buy them and for how much of a premium?


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