Okta has acquired AI security startup Permiso for approximately $200 million, the company confirmed this week. The acquisition aims to enhance Okta's identity and access management capabilities by integrating Permiso's AI-driven security solutions. The deal marks a strategic move by Okta to strengthen its position in the cybersecurity market.
The acquisition process involved detailed negotiations between Okta and Permiso, culminating in the agreement announced this week. Permiso's technology uses artificial intelligence to provide adaptive access controls and real-time threat detection. Okta plans to integrate these features into its existing platform to offer more robust security solutions to its enterprise customers, according to techcrunch.com.
This deal comes amid growing demand for AI-powered security tools as cyber threats become increasingly sophisticated. Okta's purchase of Permiso follows similar moves by major tech firms investing in AI security startups to bolster their offerings. The $200 million price tag reflects the value placed on AI-driven security innovation within the identity management sector, positioning Okta competitively against peers like Microsoft and Google.
Permiso's AI security technology will be integrated into Okta's platform over the coming months, with the combined offering expected to launch in early 2027. The acquisition was officially closed this week, with Okta confirming the transaction in a statement to techcrunch.com.