tech
Okta buys AI security startup Permiso; source says for about $200M
The deal gives Okta identity threat detection capabilities as enterprises seek to secure AI agents and other non-human identities across cloud environments.
TL;DR
- Okta has agreed to acquire AI identity security startup Permiso.
- The acquisition is reportedly valued at under $200 million and is structured as an almost all-cash deal.
- The deal is expected to close in the third quarter of Okta's fiscal 2027.
- Permiso develops software to monitor AI agents and other machine identities for suspicious activity.
- The acquisition aims to strengthen Okta's ability to secure AI agents and non-human identities.
- Permiso was co-founded by former FireEye executives Paul Nguyen and Jason Martin.
- Permiso previously raised approximately $29 million, with its Series A round in April 2024 valuing the startup at about $80 million post-money.