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Okta
Okta is an identity and authentication platform co-founded by Todd McKinnon, serving over 19,000 enterprise customers with SSO, MFA, and lifecycle...
Okta
Okta was founded in 2009 by Todd McKinnon and Frederic Kerrest, both former Salesforce executives who saw that identity management was still tethered to on-premise directories. The company launched its cloud-based identity platform in 2010, initially competing against Microsoft Active Directory and legacy tools. Okta's core product is a single sign-on (SSO) and universal directory that integrates with thousands of enterprise applications. The company expanded into lifecycle management, multi-factor authentication, and API access management. Major customers include JetBlue, T-Mobile, and Nordstrom. Okta also provides the identity infrastructure for government agencies through FedRAMP authorization. As of fiscal 2025, Okta reported over $2.6 billion in annual revenue. The company employs about 6,000 people globally, with offices in Bellevue, London, Sydney, and Tokyo. It has completed three acquisitions: Auth0 (2021) for $6.5 billion in the largest identity industry deal, Azuqua (2019) for workflow automation, and Stormpath (2017) for developer tools. Okta's structural differentiator is its platform-agnostic approach — unlike Microsoft or Google, it integrates across any identity system, cloud, or device. The Auth0 acquisition gave it a second product for customer-facing identity, serving developers directly. Okta remains the only independent publicly traded identity company at scale.
General information
Firm type
Technology Company
Year founded
2009
AUM
Not applicable (Altss estimate)
Location
Region
North America
Country
United States
City
San Francisco
Corporate office
San Francisco, CA, United States
Additional offices
Bellevue, WA, United States · London, United Kingdom · Sydney, Australia · Tokyo, Japan
Principals
Todd McKinnon
CEO and Co-Founder
Frederic Kerrest
Executive Vice Chairman and Co-Founder
Brett Tighe
CFO
Sector focus
Frequently asked questions
Who runs investment decisions at Okta?
As a publicly traded company, Okta's investment decisions are made by its executive team, led by CEO and co-founder Todd McKinnon. The CFO, Brett Tighe, manages capital allocation and M&A. Okta's board oversees strategic transactions.
How does Okta source proprietary deal flow?
Okta's M&A team proactively identifies technology gaps in identity security, lifecycle management, and developer tools. The company acquired Auth0 in 2021 for $6.5 billion to enter customer-facing identity, and Spera Security in 2025 for identity posture management. Okta also runs a venture arm, Okta Ventures, to invest in early-stage identity and security startups.
Is Okta structured as a single family office or does it operate more like a venture firm?
Okta is a publicly traded technology company (NASDAQ: OKTA), not an investment vehicle. It operates as an enterprise software vendor providing identity management services.
Does Okta participate in fund commitments or only direct deals?
Okta invests through direct acquisitions and corporate venture capital. Okta Ventures makes equity investments in startups. The company does not act as a limited partner in external funds.
What investment stages does Okta typically target?
Okta targets later-stage acquisitions of technology companies with proven revenue models (e.g., Auth0 at $6.5 billion) and earlier-stage strategic tools (e.g., Spera Security). Okta Ventures invests at Series A through C stages.
Which sectors does Okta explicitly avoid?
Okta focuses exclusively on identity and security software. It does not invest in non-cybersecurity sectors such as healthcare, fintech, or hardware.
How is Okta related to its parent or related vehicles?
Okta is an independent public company with no parent. It operates Okta Ventures as a wholly owned corporate venture arm, investing in identity and security startups.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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