Total amount raised
$29.6 Millions
Latest funding date
Location
Okera has successfully raised significant funding through multiple rounds, with notable investors such as Felicis Ventures, Cyber Mentor Fund, Bessemer Venture Partners, and ClearSky Security. The company's platform, OkeraEnsemble, offers robust data security and compliance features, ensuring secure data access at scale.
Keep reading to explore the intricacies of Okera's fundraising journey and the investors backing this innovative platform.
What Is Okera?
Founded in 2016, Okera is a data authorization company based in San Francisco, California. The company was established by Amandeep Khurana and Nong Li.
Operating within the cloud data services, cloud security, information technology, privacy, and software industries, Okera specializes in providing secure data access at scale. The company employs between 51 and 100 people.
Okera's platform ensures appropriate data access controls to meet evolving data privacy requirements, offering features like automatic data lake discovery, no-code visual policy engine, and fine-grained access enforcement in hybrid and multi-cloud environments.
How Much Funding Has Okera Raised?
- Seed Round
- Amount Raised: $2.6M
- Date: August 2016
- Lead Investors: Felicis
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company's foundation and develop its initial product offerings.
- Series A
- Amount Raised: $12M
- Date: May 2018
- Lead Investors: Bessemer Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the company's operations and enhance its data security platform.
- Series B
- Amount Raised: $15M
- Date: April 2020
- Lead Investors: ClearSky
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand investments in engineering, sales, and marketing.
- Series B
- Amount Raised: Not publicly disclosed
- Date: June 2020
- Lead Investors: Felicis Ventures, Cyber Mentor Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further support the company's growth and product development.
Total Amount Raised: $29.6M. Current Valuation: Not publicly disclosed.
Key Investors
- ClearSky Security
- Details: ClearSky Security is a venture capital firm that focuses on cybersecurity investments. They have a strong presence in the cybersecurity sector, providing strategic support to their portfolio companies.
- Investment Focus Areas: Cybersecurity
- Notable Investments: Known for investments in cybersecurity companies.
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a global venture capital firm that invests in various sectors including enterprise, consumer, and healthcare. They have a long history of successful investments and are known for their strategic guidance.
- Investment Focus Areas: Enterprise, Consumer, Healthcare
- Notable Investments: LinkedIn, Shopify, Pinterest
- Felicis Ventures
- Details: Felicis Ventures is a venture capital firm that invests in early-stage companies across multiple sectors. They are known for their hands-on approach and support for innovative startups.
- Investment Focus Areas: Early-stage companies across various sectors
- Notable Investments: Shopify, Fitbit, Credit Karma
What's Next for Okera?
Okera stands at the cusp of significant growth opportunities, driven by the increasing demand for secure data access and compliance solutions. With the rise of remote work and stringent data privacy regulations like GDPR and CCPA, the market for Okera's services is expanding rapidly. The company's platform, which offers secure data access in multi-cloud and hybrid cloud environments, positions it well to capitalize on these trends.
Future fundraising opportunities appear promising, given the substantial market potential and the recent successful funding round. Okera's strategic investors, including ClearSky Security, Bessemer Venture Partners, and Felicis Ventures, provide a strong foundation for potential future investments. This financial backing will be crucial as Okera continues to enhance its platform and expand its market reach.
However, Okera may face challenges such as keeping up with evolving data privacy regulations and competing with other companies in the data security space. Ensuring the scalability and robustness of their platform to meet large-scale enterprise needs will also be critical. Despite these challenges, Okera's strategic positioning and strong investor support suggest a bright future ahead.
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