Okta rakes in $75 million to invest in enterprise identity management

Yikes!!

Gigaom

Identity management company Okta took in $75 million in a series E financing round, bringing total funding to $155 million. Okta plans to use the cash to open a new office in Sydney, Australia and invest in its enterprise identity network platform.

In today’s world of cloud and SaaS deployment, it’s hard for a company to manage who has access to what in its internal network. While in the past a system administrator could set up a virtual private network (VPN) to prevent unwanted entry, an organization that now has its infrastructure spread over several cloud providers has a more difficult task to accurately monitor company access. Couple that with the fact that employees are now using mobile devices to gain entrance, and identity monitoring becomes much more of a pain.

Okta wants to remedy this with its cloud-based service that functions as an IT monitoring tool. After signing up…

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