38. Okta

Secure access anywhere

Founders: Todd McKinnon, Frederic Kerrest
Launched: 2009
Funding: $231.5 million
Valuation: $1.2 billion
Disrupting: cloud and mobile security
Rival: Microsoft

Okta co-founder and CEO Todd McKinnon.
Source: Okta
Okta co-founder and CEO Todd McKinnon.

As apps, users and devices continue to multiply, companies are increasingly challenged to maintain a high level of security while not choking off access to the very devices and services their employees need. Okta saw a business in that challenge. Founders Todd McKinnon and Frederic Kerrest, who had both worked at Salesforce.com, started the company in 2009 to offer a cloud service that allows customers to manage their employees' logins to multiple Internet-accessed services, providing greater security and quick access. It recently began offering a service that tracks and secures a company's mobile devices as well.

Read MoreFULL LIST: 2016 DISRUPTOR 50

Among the companies using Okta's cloud services for employee identification are MGM Resorts, Adobe, Box, Groupon and Rosetta Stone, to name a few.

Venture capital investors — including Sequoia Capital, Andreessen Horowitz and Greylock Partners — have plowed about $230 million into the company over several rounds of financing, giving Okta a market valuation of around $1.2 billion.

Latest Special Reports

  • Innovative female entrepreneur examining prototype

    In an era of rapid technological advances and demographic change, how do legacy companies adapt, innovate and evolve? CNBC Evolve features iconic global companies and executives who are embracing change and transforming for the future.

  • working together

    CNBC Upstart 100 is a new original list of the bright young startups poised to become the great companies of tomorrow.

  • A look at 50 private companies set to reshape the business landscape.

Tech