After a decade in the security space, , a San Francisco cloud-based security company, has launched a $50 million fund to invest in startups that care about the same things they do: identity, security, and privacy.
Subscribe to the 蹤獲弝け Daily
Okta plans to invest in startups that are already raising an early-stage round with an existing lead investor. Its focused on companies that have the potential to deliver unique value to Oktas deep network of pre-built integrations, .
In addition to capital, Okta will offer its investments a range of services, like help with marketing and access to in-house technology and software. Startups can use Oktas customer and workforce identity products for up to a year,.
Okta Ventures has already invested in one startup: , a block-chain company founded by former executives at , , and . Trusted Key, like Okta, focuses on proofing user identities.
These investments will also strategically benefit Okta.
Beyond investing in industry-wide innovation, we also recognize how valuable these advancements can be for our customers, said Frederic Kerrest, Oktas chief operating officer and co-founder. He added that they expect the companies to extend to their platform.
The company, which went public two years ago, is the latest in a series of corporations looking to invest in their younger competition: startups. This month alone, we wrote about several companies investing millions in startups, from Intel Capital, to Chevron, to Starbucks. Its a trend that we started noticing last year, and it doesnt seem to be going away anytime soon, so expect a roundup from us.
Illustration Credit:
Stay up to date with recent funding rounds, acquisitions, and more with the 蹤獲弝け Daily.


67.1K Followers