Okta raises another $75 million

CEO Todd McKinnon said that the company will use the funding to innovate across product lines and expand internationally.

Okta on Tuesday said it raised $75 million in additional venture funding as the company continues to make inroads in the enterprise mobility management market.

The company has raised $230 million since it was founded in 2009.

Okta's latest round of funding included existing investors Andreessen Horowitz, Greylock Partners and Sequoia Capital as well as Khosla Ventures, Altimeter, Glynn Capital.

CEO Todd McKinnon said that the company will use the funding to innovate across product lines and expand internationally. Okta has its core identity management tools, which are also being used to some degree for mobility.

Look for Okta to use its identity management knowhow to expand into new areas. For instance, it is currently managing devices via its Okta Mobile tools.

Okta counts more than 2,500 enterprise customers and has more than 500 employees. The company has also built out its management team and built a data center in Europe to better target that market.

In an interview in June, McKinnon noted that Okta will become a public company, but the decision will revolve around stable numbers, predictable business and attracting talent. "We won't be private in 10 years," said McKinnon.