The identity verification software provider will invest up to $2m in each deal through its newly formed Okta Ventures fund, with Trusted Key its first portfolio company.
US-based identity management technology producer Okta launched a $50m corporate venture capital vehicle called Okta Ventures on Wednesday to invest in identity, security and privacy technology startups.
Founded in 2009, Okta has developed software that enables companies to protect and verify the identity of their employees and customers. The fund will target companies building innovative products in areas such as artificial intelligence, machine learning and blockchain technology.
Okta Ventures will invest between $250,000 and $2m in eight to 10 early-stage…
