Thoughts On Our Latest Funding
Okta has reached an important inflection point. We’re seeing IT leaders, developers and industry analysts alike recognize the huge opportunity in identity, and the critical role it will play in connecting people, apps, devices and services today and in the future.
Okta is the foundation for secure connections between people and technology. Our vision is to enable any company to use any technology. We’ve significantly delivered on this vision for the cloud and mobile world. And, as a result, the identity-as-a-service (IDaaS) industry – a category that we pioneered – has caught the attention of some of the largest software companies in the world.
But as enterprise adoption of cloud and mobile continues to accelerate, and as technology continues to evolve even beyond cloud and mobile, we have no intentions of slowing down. We believe that connecting everything – people, applications, devices and organizations – will make companies more productive and more secure. So, with the help of our investors, we’re moving quickly to do just that.
We recently raised an additional $75 million. This brings our total financial backing to $230 million. We’re thrilled to continue our partnership with Andreessen Horowitz, Greylock Partners and Sequoia Capital, who all co-led this round, with participation from Khosla Ventures, Altimeter Capital, Glynn Capital and others.
Since the day we founded Okta, the team has focused first and foremost on the success of our customers. This new funding will allow us to do this at an even greater scale. We’ll extend our leadership position in the market. We’ll deliver more innovation across all our products, and continue our growth and expansion into new regions. I’m very excited to help even more customers do their most important work!
Okta has grown a lot this year alone. We now have over 2,500 customers, nearly 600 employees and new engineering and sales offices in Seattle, Toronto and Amsterdam. Last week, we opened a brand new data center in the EU to meet the data privacy and locality needs of our EMEA customers. We’re also the first IDaaS company to receive the CSA STAR Attestation, furthering our commitment to transparency and providing the highest standards of security and availability to our customers. Earlier this year, we added two exceptional leaders to the team, Michael Guerchon joined us as chief people officer and Jon Runyan as general counsel. And just recently, we added our first independent board member, Michelle Wilson.
I would like to thank our customers, our investors and the entire Okta team. I couldn’t be more proud of what we’ve accomplished. I’m thrilled about what lies ahead.