Leena Rao is currently working as a writer for TechCrunch. She recently finished graduate school of the Medill School of journalism at Northwestern University, where she studied business journalism and videography. From 2004 to 2007 she helped lead efforts for advocacy and community relationships Congressman Carloyn Maloney in New York. She graduated from Columbia University in 2003 where it was ... ? Read More
Enterprise cloud app management company Okta was raised to $ 16.5 million in series b funding from Greylock Partners, Andreessen Horowitz, and gateway. This brings the company's total funding to $ 28 million.
Okta is a cloud management applications. Okta in platform enables companies to have control over their users, applications, and data in the cloud, and outside of the firewall. Startup was founded by Todd McKinnon, former Vice President of the engineers of the most successful cloud-based companies to date, Salesforce.
As Mckinnon said us Okta provides a platform for companies to manage corporate it. He explains that traditional security platform and management are not going to work with the Cloud. When you move to the cloud, IT administrators face the challenge of ensuring and monitoring users and access, simplify adoption and scalability of these applications, and at the same time to ensure that business is optimizing applications in the cloud.
Companies that use cloud-based applications like Salesforce and Google Apps must identity and directory services in the cloud as a place where they can store user profiles and more. Okta gives it managers the ability to maintain one central directory and repeat this for all cloud applications.
The company is releasing a product to the public in January. McKinnon said he initially thought customers would be small and medium-sized businesses, but recently saw acquisitions in large companies using Okta. Companies using Okta include Enterasys Networks, Pandora, T.D.Williamson, AMAG pharmaceuticals, etc. The company says that dramatically ramped up use Okta in on-demand service for authentication over 1 million per month.
And Mckinnon provides more Empire cloud services that "the ability of enterprises to overcome barriers to the adoption of the cloud".
Ben Horowitz, who headed the company's series a round, said about Okta: Okta in original product aims to solve the problem of identity in the cloud. I love this problem, because it is very different in the cloud is local and for new companies, as well. He belivees that the market potential is huge, "because the identity of the cloud market will likely become a cloud management market. Given that these current market combined is between $ 10B and $ 20B (depending on what you count) market is extremely large. "
The new funds will be used for sales and marketing efforts, as well as for ramping up distribution. Within this transaction David Weiden better enterprises will become a consultant to the Board, and Aneel Bhusri, co-founder and co-CEO, Okta will join the Board of Directors.
Okta is the market leading on-demand identity and access management service enables enterprises to accelerate their safe adoption of their Web applications in the cloud and beyond ...
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