At his conference for Oktane clients, Okta cloud technology identification manager announced the allocation of $ 50 million for investment in a new generation of identification and authentication startups.
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On April 3, 2019, the San Francisco-based Okta, a corporate identity provider, established the Okta Ventures investment fund of $ 50 million and announced its first investment in Trusted Key, a blockchain-based digital identification company.
Okta Ventures Foundation
Okta Ventures is an early stage fund for identification and authentication startups using artificial intelligence, machine learning and blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details technologies. As well as offering Okta software development partnerships, SDK and APIs and experience sharing.
Trusted Key, the first investment of the fund (no amount specified), is a blockchain-based company founded in 2016 by former executives of Microsoft, Oracle and Symantec.
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The company offers decentralized identification solutions that combine mobile and blockchain technologies within a secure platform.
Okta has announced the creation of its own venture capital fund of $ 50 million. Okta this week showed that 61 percent of well-known digital companies worldwide are investing in blockchain. In the course of the survey, 1,050 decision-makers in the field of IT, security and design were surveyed from global companies with an income of at least $ 1 billion.
Editor: Yuliya Soroka