Enterprise Cloud App Management Company Okta Raises $16.5 Million In Series B
Okta is an enterprise cloud app management company that has raised $16.5 million in Series B funding. Greylock Partners, Khosla Ventures, Andreessen Horowitz, and FLOODGATE participated in this round. Okta has raised a total of $28 million thus far.
Okta’s software platform allows companies to control their users, applications, and data in the cloud and behind the firewall. Okta was founded by former Salesforce.com VP of Engineering Todd McKinnon.
Okta provides the opportunity for IT managers to maintain one central directory and replicate this across cloud apps. Okta’s on-demand service currently powers over 1 million authentications per month. This round of funding will be used for sales and marketing efforts. David Weidon of Khosla Ventures will becmoe a board advisor.
[Xconomy]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry