Okta Raises $75M in Series E
Okta has successfully raised $75M in a Series E at a $1.2B valuation led by Andreessen Horowitz, Greylock Partners.
Company Overview
Okta is a Cybersecurity company headquartered in San Francisco, CA, founded in 2009 with 2000+ employees.
Identity and access management platform
Fundraising Details
- Amount Raised: $75M
- Round Type: Series E
- Valuation: $1.2B
- Date: 2015-09-29
- Investors: Andreessen Horowitz, Greylock Partners
About Okta
Identity and access management platform The company is positioned in the Cybersecurity sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: San Francisco, CA
- Founded: 2009
- Team Size: 2000+
- Industry: Cybersecurity
What This Means
This funding round demonstrates strong investor confidence in Okta's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Cybersecurity sector continues to attract significant investment as companies innovate to meet evolving market demands. Okta's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $1.2B valuation marks an important milestone for Okta, positioning the company among notable players in the Cybersecurity industry.
Looking Ahead
With this new capital, Okta is well-positioned to execute on its growth strategy and continue building innovative solutions in the Cybersecurity space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2015-09-29. For more information about Okta, visit their headquarters at San Francisco, CA.
