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Star-Kissed Cloud Computing Start-Up Rakes in $16.5 Million B Round

The infusion brings Okta’s total funding to $27.3 million, including money from the Ron Conway-David Lee SV Angel venture fund
By Maureen O'Gara
Article Rating:
August 16, 2011 10:00 AM EDT
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 743

Okta, a fortune-favored two-year-old enterprise cloud application management start-up, has gotten a $16.5 million B round from Greylock Partners, Khosla Ventures along with A round investors Andreessen Horowitz and Floodgate (the old Maples Investments) plus a handful of private investors.

The infusion brings Okta's total funding to $27.3 million, including money from the Ron Conway-David Lee SV Angel venture fund.

For its money Greylock gets a board seat that'll be filled by Greylock partner Aneel Brusri, the former PeopleSoft chairman whose day job is being co-CEO of Workday.

Okta, it should be said up front, was founded by Todd McKinnon, Salesforce.com's former VP of engineering. It says it's "building a service that is the domain controller and directory for the cloud" and means to be the source of all the services corporations need in the cloud.

Right now it's got a secure, extensible on-demand multi-tenant cloud services platform - think of it as an interface or dashboard - to rebuild corporate IT on since, it says, traditional IT ain't gonna cut it anymore.

It claims nobody else is delivering an on-demand "cross-application service" with the kind of security and management that it's got. It's something IT can manage. The stuff, which launched in January and is heavy on identity, is supposed to tickle cloud adoption.

Originally it thought the platform, now clocking a million authentications a month, would be attractive to SMBs but it's reportedly been getting attention from large accounts. It says it's built, deployed, and supported Google, Salesforce.com, Workday, SuccessFactors, PeopleSoft, Microsoft, Sun and HP solutions.

Published August 16, 2011 – Reads 743
Copyright © 2011 Ulitzer, Inc. — All Rights Reserved.
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More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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