Through big bets, Todd McKinnon grew his cloud security company, Okta, into a $27 billion business. Over 10% of the country is unemployed, 178,000 Americans are dead from the pandemic, and California is on literal fire, yet McKinnon’s cloud security company, Okta, is on a tear, and he is now officially a billionaire. As he navigates his conscience, McKinnon will also have to navigate the fragmented cloud security landscape—Microsoft, Ping, IBM, Oracle—and answer questions about whether Okta merits its sky-high market value. Unlike its larger competitors, who often package their security tools with their own cloud software, Okta can work with any platform, from Office 365 to G Suite. “That’s kind of how we got going.”Cue a new name, Okta, a term that pilots use to measure cloud coverage.

Source: Forbes August 27, 2020 23:17 UTC