Okta Brings in $16.5M

8/8/11Follow @wroush

San Francisco cloud services management startup Okta has collected $16.5 million in a Series B financing, according to an announcement today. New investors Greylock Partners and Khosla Ventures led the round, with existing investors Andreessen Horowitz and Floodgate Fund participating. Khosla Ventures’ David Weiden has become a board advisor. The funds, which come on top of a $10 million Series A round in July 2010, “will help fuel an aggressive growth strategy as the company continues to make cloud application adoption easier than ever for both enterprise IT and their end users,” Okta said in a statement.

Wade Roush is a contributing editor at Xconomy. Follow @wroush

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