Okta Ventures

Okta Ventures is the investment arm of Okta, the San Francisco identity and access management company. Okta announced the $50 million fund at its Oktane conference in April 2019, describing it as a formalization of the support it had long given to companies building on its platform. Its first disclosed investment was Trusted Key, a blockchain-based digital identity startup that Okta acquired later in 2019.

The unit invests in companies building technology enabled by identity, security and privacy, and says it invests across all stages of the startup lifecycle. Its FAQ states that typical early stage checks are under $1 million, that later stage checks depend on round structure, and that Okta targets about 10 startup investments a year. At launch TechCrunch reported checks of $250,000 to $2 million. The portfolio page lists companies including Drata, DataGrail, Immuta, Cerby, Aembit, Pangea, Browserbase, Replit, Together AI and Sapiom. Recent additions to the portfolio, including Replit, Together AI, Sapiom and Huskeys, extend the book from identity tooling into AI infrastructure and agent security.

The strategic tie to Okta is the Okta Integration Network. Portfolio companies get access to Okta's APIs, technology and engineering expertise, plus co-marketing through the integration network, and the unit screens for companies likely to become integration network contributors. Okta does not plan to take board seats. Acquired portfolio companies listed on the site include Trusted Key, VNDLY, Openpath, Tessian, Dig Security, Adaptive Shield and Prompt Security, with acquirers including Workday, Proofpoint, Palo Alto Networks, CrowdStrike, Motorola Solutions and SentinelOne.