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He belivees that the market opportunity is huge “because the cloud identity market will likely become the cloud management market.
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I like the problem, because it is seriously different in the cloud than it is on-premise and, for new companies, different equals good.
PANDORA CLOUDAPP SERIES
The company says the use of Okta’s on-demand service has ramped up dramatically to power over 1 million authentications per month.Īnd McKinnon envisions a larger empire of cloud IT management services that ’empower businesses to eliminate cloud adoption barriers.’īen Horowitz, who led the company’s Series A round, has said of Okta: Okta’s initial product aims to solve the Cloud identity problem. Companies using Okta include Enterasys Networks, Pandora, T.D.Williamson, AMAG Pharmaceuticals and others. McKinnon says that he originally thought customers would be small to medium businesses, but has recently seen a uptake in large companies using Okta. The company launched the product to public in Janaury. Okta gives IT managers the ability to maintain one central directory and replicate this to all cloud applications. When moving to the cloud, IT admins face the challenge of securing and controlling users and access, simplifying the adoption and scaling of these applications, and at the same time making sure that the business is optimizing its applications in the cloud.Ĭompanies who are using cloud-based applications like Salesforce and Google Apps need an identity and directory service in the cloud as a place where they can store user profiles and more. He explains that traditional security and management platforms aren’t going to work with the cloud. The startup was founded by Todd McKinnon, the former VP of Engineering of the most successful cloud-based company to-date, Salesforce.Īs McKinnon tells us, Okta is providing a platform for companies to manage corporate IT. Okta’s platform allows companies to have control of their users, applications, and data both in the cloud and behind the firewall. Okta is a cloud application management service. This brings the company’s total funding to $28 million. Enterprise cloud app management company Okta has raised $16.5 million in Series B funding from Greylock Partners, Khosla Ventures, Andreessen Horowitz and FLOODGATE.