Okta

What Okta does

Okta, Inc. (NASDAQ: OKTA) is a publicly traded identity and access management company headquartered in San Francisco, founded in 2009 by Todd McKinnon. The company operates an "identity security fabric" that unifies workforce identity, customer identity (via the Auth0 platform acquired in 2021 for $6.5 billion), privileged access, identity governance, and emerging AI agent identity within a single platform. Core technical components include Universal Directory, Single Sign-On, Adaptive MFA, Lifecycle Management, Identity Governance (FedRAMP High authorized), Privileged Access (strengthened by the 2025 Axiom Security acquisition), Identity Threat Protection, and the Cross App Access (XAA) protocol built on OAuth and Model Context Protocol for AI agent-to-app governance. In April 2026, Okta launched "Okta for AI Agents," treating autonomous AI agents as first-class identities, and subsequently integrated with AWS Bedrock AgentCore, Google Cloud Gemini Enterprise Agent Platform, Salesforce Agentforce, ServiceNow, Workday, and Microsoft Entra ID.

Okta generates revenue primarily through subscription contracts, with subscription revenue representing 98% of total ($750M of $765M in Q1 FY2027), supplemented by professional services and emerging usage-based AI agent revenue. Q1 FY2027 total revenue was $765 million (11% YoY growth), FY2026 full-year revenue was $2.919 billion, and FY2027 guidance was raised to $3.185-3.205 billion. Approximately 85% of annual contract value comes from large enterprise customers, served via direct field sales across 15+ countries, supplemented by a 30-day free trial for product-led growth and a channel partner network. The customer base spans Fortune-grade enterprises across healthcare (Takeda, Siemens), financial services (Adyen, OFX, HDI, Generali), manufacturing (Hitachi), hospitality (Wyndham, Booking.com, McLaren), logistics (FedEx), retail (Sephora), and government/public sector. Named Leader in the 2025 Gartner Magic Quadrant for Access Management and the 2026 Forrester Wave for Workforce Identity Security Platforms.

The company's 2026 strategic pivot to AI agent identity represents its most significant positioning shift since the Auth0 acquisition, supported by flagship partnerships with Google Cloud, AWS, Cisco, NVIDIA, OpenAI, and Anthropic. Net revenue retention of 107% (Q1 FY2027) and operating income of $153M (FY2026, up from a $63M loss in FY2025) indicate the company is converting its enterprise identity base into a durable, profitable platform while expanding into the agentic AI governance layer. Okta trades at approximately $20.51B market capitalization as of June 2026.

Name

Okta

Legal name

Okta, Inc.

Website

https://okta.com

Company type

Public

Founded year

2009

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Okta is a publicly traded identity and access management platform providing workforce, customer (Auth0), privileged, and AI agent identity security for global enterprises, government, and regulated industries, generating $2.9B in FY2026 revenue.

Ownership category

akta.pro rank

Product category

Identity and Access Management

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182), Software Publishers (5132)

SIC

Services-Prepackaged Software (7372), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Single Sign-On (SSO) & Federation (SAML/OIDC, Identity Providers) (HDAEAJAB)

akta.pro secondary industries

Identity Verification, Proofing & KYC (IDV) (HDAEAJAI), Cloud Identity & Access Management Infrastructure (IAM/IdP/MFA) (HDABAHAF), Responsible AI, Security & Privacy Platforms (Safety, Guardrails, PII) (HDAEANAG)

Keywords

• Identity and access management
• Workforce identity security
• Customer identity platform
• AI agent identity governance
• Privileged access management

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices15 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Subscription Revenue (Workforce and Customer Identity): Primary revenue model based on recurring subscription contracts. Q1 FY2027 subscription revenue reached $750 million out of $765 million total revenue, representing 98% of total revenue.
2. Professional Services: Includes Success Plans, Professional Services, Product Training, and Product Certification as ancillary revenue offerings.
3. Usage-based AI Agent Revenue (emerging): AI agent products (Okta for AI Agents, Auth0 for AI Agents) generate deals approximately 40% larger than average, with potential fiscal 2028-2029 consumption-based revenue impact as enterprises deploy agentic AI.

Pricing tiers

Go-to-market motion5 records

Distribution channels5 records

Marketing channels11 records

Core offering

Okta provides an identity security fabric that secures all types of identities—employees, customers, partners, and AI agents—across enterprise IT environments. The platform unifies workforce identity (Okta), customer identity (Auth0), and AI agent identity (Okta for AI Agents / Auth0 for AI Agents) through capabilities including Single Sign-On, Adaptive MFA, Lifecycle Management, Identity Governance, Privileged Access, Identity Threat Protection, and the Cross App Access (XAA) protocol. It is delivered primarily as a cloud subscription to Fortune 100/Global 2000 enterprises, public sector agencies, and regulated industries.

Differentiator

Problem solved

Functional benefit

Brands

• Auth0: Customer identity and access management (CIAM) platform for enterprise-grade customer identity experiences.
• Okta for AI Agents
• Auth0 for AI Agents
• Okta Integration Network

Products and services

• Okta Workforce Identity

Quantifiable outcome

• 40% larger deal sizes with AI agent products (~$3.9B revenue projected by 2029)
• +6 more outcomes

Named customers37 records

Segments13 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration16 records

AI capability4 records

Feature8 records

Partnerships

27 partnerships are on record, tiered core, flagship and minor.

• CanvacoreTechnology or Integration · 24 June 2026Integration with Cross App Access (XAA) for AI agent-to-app access controls. Wiring XAA into Canva's AI products for unified identity and access policy management.
• AtlassiancoreTechnology or Integration · 24 June 2026Integration with Cross App Access (XAA) framework. Atlassian wiring XAA into its AI products for AI agent-to-app connections.
• CloudflarecoreTechnology or Integration · 24 June 2026Cross App Access (XAA) early adopter. Also integrated via Anthropic's Claude Enterprise security compliance API.
• DatadogcoreTechnology or Integration · 24 June 2026Cross App Access (XAA) early adopter spanning developer and observability tools.
• Google CloudflagshipStrategic or Co-development Partner · 22 June 2026Strategic partnership integrating identity security across Google Cloud's Gemini Enterprise Agent Platform and Chrome Enterprise. Integrations include Auth0 for AI Agents connecting to Google Cloud Agent Runtime (Token Vault, human-in-the-loop workflows, Fine-Grained Authorisation), plus Chrome Enterprise Universal Enrollment through Okta Integration Network and Device Bound Session Credentials.
• Amazon Web Services (AWS)flagshipTechnology or Integration · 22 June 2026Integration with Amazon Bedrock AgentCore via Okta for AI Agents, allowing organizations to manage AI agent identity and governance across AWS ecosystems.
• OpenAI DaybreakcoreStrategic or Co-development Partner · 22 June 2026Launch partner in OpenAI's Daybreak Cyber Partner Program alongside Accenture, Cisco, CrowdStrike, IBM, Palo Alto Networks, and Wiz.
• iOCO Automation & Cybersecurity ClusterminorChannel Partner/ Reseller/ Distributor · 22 June 2026Okta reseller in South Africa raising concerns about unchecked AI agent deployment across organizations.
• Databricks (Automatic Identity Management)coreTechnology or Integration · 19 June 2026Databricks Automatic Identity Management Public Preview for Okta, alongside Microsoft Entra ID GA, to address frictionless security for AI adoption in regulated industries.
• SailPointcoreStrategic or Co-development Partner · 19 June 2026SailPoint identified by Morgan Stanley as a top identity stock alongside Okta; also integrated via AWS Security Hub and Databricks Unity AI Gateway.
• AnthropicflagshipStrategic or Co-development Partner · 18 June 2026Okta is a featured identity provider powering secure AI agent connections for Anthropic's Claude Enterprise via Cross App Access (XAA). Member of Anthropic's Project Glasswing for AI-based vulnerability detection. First supported identity provider for MCP's Enterprise-Managed Authorization (EMA) standard implementing Cross App Access.
• DatabrickscoreTechnology or Integration · 17 June 2026Partner in Databricks' Unity AI Gateway partner ecosystem alongside 13 other vendors. Also integrated via Databricks Automatic Identity Management for Okta (Public Preview). Enables AI governance extensions across models, agents, MCP servers, and AI tools.
• Anthropic Project GlasswingcoreStrategic or Co-development Partner · 4 June 2026Okta is a partner in Anthropic's Project Glasswing, which extends access to the Mythos cybersecurity AI model to ~150 organizations across 15+ countries. Okta is among the vetted security partners.
• PEXAminorImplementation/ SI/ Consulting Partner · 1 June 2026Customer deployment: PEXA extended its use of Okta's identity and access management from workforce IAM to customer-facing access, consolidating its IAM under a single provider.
• WorkdaycoreTechnology or Integration · 29 May 2026Integration with Workday's Sana agent system of record and Workday platform. Workday's Sana agents built on identity and authorization controls align with Okta identity management.
• Amazon Web Services Security HubcoreTechnology or Integration · 21 May 2026Okta is among third-party cybersecurity partners integrated into AWS Security Hub, alongside 7AI, Britive, CrowdStrike, Cyera, Island, Noma, Oligo, Opti, Proofpoint, SailPoint, Splunk, Upwind, and Zscaler.
• CrowdStrikecoreTechnology or Integration · 21 May 2026Co-integration in Anthropic's 28 Claude Enterprise Compliance API integrations. Also a partner in OpenAI Daybreak Cyber Partner Program. Co-presented at security events.
• Palo Alto NetworksflagshipStrategic or Co-development Partner · 21 May 2026Strategic partnership serving nearly 2,000 joint customers. Also integrated via Anthropic's Claude Enterprise Compliance API and Okta-PANW expanded partnership.
• CiscoflagshipStrategic or Co-development Partner · 19 May 2026Co-development partnership on EnterpriseClaw, an enterprise AI agent platform with Automation Anywhere, Cisco, NVIDIA, OpenAI, and Okta. Cisco contributes Cisco AI Defense for security and oversight of autonomous AI agents across enterprise cloud, desktop, and on-premises environments.
• NVIDIAflagshipStrategic or Co-development Partner · 19 May 2026Co-development partnership on EnterpriseClaw, providing NVIDIA OpenShell runtime and Nemotron models for AI agent execution. Strategic integration with NVIDIA for agentic AI security.
• OpenAIflagshipStrategic or Co-development Partner · 19 May 2026Co-development partnership on EnterpriseClaw, integrating OpenAI's GPT-5.5 models for enterprise AI agent workflow execution. Also member of OpenAI Daybreak Cyber Partner Program.
• Automation AnywhereflagshipStrategic or Co-development Partner · 19 May 2026Lead partner on EnterpriseClaw enterprise AI agent platform, integrating Process Reasoning Engine and Contextual Intelligence Graph with Cisco, NVIDIA, Okta, and OpenAI technologies. Okta provides cross-agent identity management and authentication controls.
• Microsoft Entra IDcoreTechnology or Integration · 15 May 2026Okta for AI Agents expanded to support non-Okta identity providers including Microsoft Entra ID and Ping Identity for workforce identity management, enabling vendor-neutral AI agent governance.
• Palo Alto Networks (Joint Customers)flagshipStrategic or Co-development Partner · 1 December 2025Okta's expanded partnership with Palo Alto Networks serves nearly 2,000 joint customers.
• Axiom SecuritycoreStrategic or Co-development Partner · 1 January 2025Acquired in 2025 to strengthen Okta's privileged access management capabilities, referenced in Forrester Wave recognition.
• Spera SecuritycoreStrategic or Co-development Partner · 19 December 2023Acquired Israeli cybersecurity firm Spera for approximately $100-130 million in December 2023, marking Okta's first acquisition in Israel. Technology acquired for identity threat prevention and response.
• ArengucoreStrategic or Co-development Partner · 12 June 2023Acquired Spanish (Galicia) company Arengu for an estimated 10 to 20 million euros to strengthen Okta's presence in Spain. Arengu's software services and founding team integrated into Okta; Spanish startup ceased activity by June 30, 2023.

Scale indicators13 records

Recent moves17 records

Expansion highlights6 records

Direct peers

• BeyondTrust: Privileged access management and identity security vendor competing with Okta's privileged access and identity threat protection capabilities in the enterprise and federal markets.
• OneLogin (One Identity / Quest): Cloud-based identity and access management platform under One Identity, competing with Okta in workforce SSO, MFA, and directory services for mid-market and enterprise.
• Microsoft Entra ID (Azure AD): Microsoft's cloud-native identity and access management service, bundled with Azure and Microsoft 365. It is Okta's largest direct competitor in workforce identity and increasingly in customer and AI agent identity.
• Ping Identity: Independent identity provider offering workforce and customer identity solutions with strong enterprise and regulated-industry presence. Now owned by Thoma Bravo and a direct competitor across Okta's core IAM portfolio.
• CyberArk: Leader in privileged access management (PAM) and identity security, directly competing with Okta's Privileged Access (built via Axiom Security) and Identity Security Posture Management offerings.
• SailPoint: Identity governance and administration (IGA) vendor that competes directly with Okta Identity Governance, particularly in regulated industries and large enterprise compliance programs.
• JumpCloud: Cloud directory platform offering SSO, MFA, and device management primarily to mid-market and SMB customers — competing with Okta's workforce identity offerings in the smaller end of the market.
• Duo Security (Cisco): Cisco-owned MFA and zero-trust security provider overlapping with Okta's Adaptive MFA and workforce identity offerings, particularly in Cisco-centric enterprise environments.

Broad incumbents

• Google Cloud Identity / Workforce Identity: Google's cloud-native identity offering bundled with Workspace and Google Cloud, overlapping with Okta's workforce identity use cases and increasingly integrated into Gemini Enterprise agent flows.
• AWS IAM Identity Center (formerly AWS SSO): AWS-native identity and access management for cloud workloads, positioned as the default IdP for AWS-centric enterprises and now extended to Bedrock AgentCore AI agents — a structural alternative to Okta in cloud-native shops.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/okta
• YouTubeyoutube.com/OktaInc
• LinkedInlinkedin.com/company/okta-inc-
• Facebookfacebook.com/oktaidentity

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries3 records

Funding overview

Funding rounds9 records

Investors12 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A11 records

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Okta