Okta, an enterprise-grade identity management service, has raised $75 million in Series E funding led by Sequoia Capital, with additional participation from returning backers Andreessen Horowitz, Greylock Partners and Khosla Ventures, as well as new investors Janus Capital Group and Altimeter Capital. The new financing, which will reportedly be the company's last before it goes public, brings its total to-date funding to about $155 million. Okta last raised $27 million of Series D funding at a valuation of $329 million in September 2013.
With Okta, IT can manage access across any application, person or device; its identity management service provides directory services, single sign-on, strong authentication, provisioning, workflow and built-in reporting. The company will use the new funds to expand internationally, including in Asia.