Okta eliminated its entire U.S. sourcing team, affecting 24 people, approximately 0.4% of global staff; the company said it was investing in growth areas and still expected overall headcount growth.
SourcePublic company, workplace, funding, and market signals
Updated Aug 5, 2026
Okta is a public cloud-security company and independent identity provider founded in 2009. It provides identity and access management for workforces, customers, partners, non-human identities, and increasingly AI agents, through the Okta Platform and Auth0 Platform.
Primary product
Cloud identity and access management (IAM): workforce identity, customer identity, single sign-on, MFA, lifecycle management, identity governance, threat protection, and developer APIs/SDKs.
Founded
2009
Headquarters
100 First Street, Suite 600, San Francisco, California 94105, United States
Team size
6,000–7,000 (6,366 as of January 31, 2026)
Work style
Flexible
Industry
Cybersecurity / enterprise software
Sub-industry
Identity and access management (IAM), identity security, SaaS
Offices
Business model
Stage
Public company; formerly venture-backed
Total raised
$1.4B
Latest round
Post-IPO equity · Jun 2020
Latest amount
$1B
Jun 2020
Apr 2017 · Public offering on Nasdaq (OKTA)
Sep 2015 · Sequoia Capital
Jun 2014 · Sequoia Capital
Sep 2013 · Sequoia Capital
Dec 2012 · Sequoia Capital
Aug 2011 · Greylock Partners
Jul 2010 · Andreessen Horowitz
Sep 2009
Leadership
Chief Executive Officer and co-founder
Brett Tighe
Chief Financial Officer
Shibu Ninan
Chief Accounting Officer
Co-founder and Executive Vice Chairman
Okta publicly emphasizes customer obsession, security and reliability, ownership, innovation, connection/community, and social impact. Its stated values include Love our customers; Always secure. Always on; Build and own it; and Drive what’s next.
Work style
Flexible
Visa sponsorship
Limited
Compensation
Public job postings show location-specific base/OTE ranges and may include equity, with benefits such as health, dental, vision, 401(k), FSA, PTO, and parental leave. One California/Colorado/Illinois/New York/Washington solutions-engineer posting listed $160,000–$240,000 annual OTE; sponsorship is role- and location-dependent.
Benefits
Pricing
Primarily subscription SaaS. Workforce plans are generally priced per employee/user/month with annual minimums; Auth0 customer identity pricing is usage- and tier-based. Enterprise pricing may be negotiated.
Differentiators
Technology
Customers
Competitors
Estimated revenue
$2.9B–$3.2B annually; FY2026 revenue was $2.919B and FY2027 guidance was approximately $3.17B–$3.205B.
Okta eliminated its entire U.S. sourcing team, affecting 24 people, approximately 0.4% of global staff; the company said it was investing in growth areas and still expected overall headcount growth.
SourceOkta acquired Axiom Security Ltd for approximately $54 million, according to its FY2026 Form 10-K.
SourceOkta announced a definitive agreement to acquire Permiso Security, expanding its identity security and cloud access capabilities; transaction terms were not established in the retrieved evidence.
SourceOkta disclosed a major customer support system security incident involving unauthorized access to customer support files; cybersecurity and third-party infrastructure remain material risk factors in its filings.
SourceOkta · Jul 2026
Okta announced an agreement to acquire Permiso Security as part of its expansion in identity security and cloud access.
CNBC · May 2026
CNBC reported that Okta exceeded fiscal Q1 expectations and that CEO Todd McKinnon sees agentic AI increasing demand for identity security, although AI was not yet a majority of revenue.
UNLEASH · Apr 2026
The U.S. sourcing team was eliminated, affecting 24 employees; Okta characterized the action as targeted investment toward higher-growth areas.
Okta · Mar 2026
FY2026 revenue was $2.919 billion, up 12%, with subscription revenue of $2.855 billion and strong free cash flow.
326 jobs at Okta