Okta

5 takeaways on the state of AI from Disrupt SF

The promise of artificial intelligence is immense, but the roadmap to achieving those goals still remains unclear. Onstage at TechCrunch Disrupt SF, some of AI’s leading minds shared their thoughts on current competition in the market, how to ensure algorithms don’t perpetuate racism and the future of human-machine interaction. Here are five takeaways on the state of AI from Disrupt SF 2018: 1. U.S. companies will face many obstacles if they look to China for AI expansion Sinnovation CEO Kai-Fu Lee (Photo: TechCrunch/Devin Coldewey) The meteoric rise in China’s focus on AI has been well-documented and has become impossible to ignore these days. With mega companies like Alibaba and Tencent pouring hundreds of millions of dollars into home-grown businesses, American companies are finding les...

Lessons from cybersecurity exits

Dear F0und3r: What a month this has been for cybersecurity! One unicorn IPO and two nice acquisitions – Zscaler’s great debut on wall street,  a $300 million acquisition of Evident.io by Palo Alto Networks and a $350 million acquisition of Phantom Cyber by Splunk has gotten all of us excited. Word on the street is that in each of those exits, the founders took home ~30% to 40% of the proceeds. Which is not bad for ~ 4 /5 years of work. They can finally afford to buy two bedroom homes in Silicon Valley. Evident.IO Investment Rounds and Return estimates Date Select Investors Round Size Pre Post Dilution Estimated Returns / Multiple of Invested Capital Sep 2013 True Ventures $1.5m $5.25m $6.75 m 22% 44X Nov 2014 Bain Capital $9.8 m $18.1m $28.0 m 35% 10.7X Apr 2016 Venrock $15.7 m $35.0 m $50...

Okta teams up with ServiceNow to bring identity layer to breach containment

Okta and fellow cloud company ServiceNow got together to build an app that helps ServiceNow customers using their security operations tools find security issues related to identity and take action immediately. The company launched the Okta Identity Cloud for Security Operations app today. It’s available in the ServiceNow app store and has been designed for customers who are using both toolsets. When a customer downloads and installs the app, it adds a layer of identity information inside the ServiceNow security operations interface, giving the operations team access to information about who specifically is involved with a security problem without having to exit their tool to find the information. Okta is a cloud identity management company, while ServiceNow is a cloud service management co...