Todd McKinnon said Okta has about $3 billion in revenue, grew over 10% last year and has 20,000 customers.
“3 billion in revenue, um, growing over 10% last year, established brand, 20,000 customers”
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Todd McKinnon
1 episodes · 15 quoted claims
Todd McKinnon estimated the cybersecurity market at roughly $280 billion a year, with identity management about 10% of it.
“cyber is about 200 and eighty-ish $1 billion a year. Identity management is about, depending on whose number you believe, it's roughly 10% of that.”
Todd McKinnon said Palantir, Snowflake and Databricks let companies pull data into one warehouse rather than connecting AI agents to many separate systems.
“Cause what they allow companies to do is instead of having to actually connect their agentic enterprise to all these separate systems, they pull it into one data warehouse.”
Todd McKinnon estimated software spending at about $1.2 trillion and the IT services market at about $1.8 trillion.
“1.2 trillion roughly. If you look at the amount of people, the services, the s IT services market, it's about 1.8 trillion.”
Okta organizes its research and development by two platforms: the Okta Platform and the Auth0 platform.
“On the R and D side, it's it's by platform. We have two platforms. There's Okta Platform and Auth zero Platform, and the R and D is by platform.”
Todd McKinnon worked at Salesforce, where he managed a decent-sized team, before he started Okta.
“when I started Okta, you know, I'd worked at Salesforce and I had a, you know, decent-sized team there and felt like I was very decisive.”
Todd McKinnon said that in 2009 he expected a cloud version of everything in the technology stack, which shaped his decision to start Okta.
“I remember in 2009, I was looking at the world and and saying, Hey, you know, there's gonna be a cloud version of everything in the stack.”
Todd McKinnon said he spent last year meeting Okta's hundred largest customers in person.
“Last year, I was in process of meeting, uh, meeting all our hundred largest customers in person.”
Todd McKinnon said Okta's fall conference still featured the old pitch followed by agents, after which he decided to flip the focus to agents.
“We had our big conference in the fall, and, you know, it was like the last vestiges of the the old pitch, followed by the agents.”
Todd McKinnon said Okta's kill switch revokes everything the agent can access rather than blocking access to the agent itself.
“the access to to everything the agent can access, not access to the agent.”
Todd McKinnon said customers, and then the government, pushed IBM to sell software and operating systems separately from its hardware.
“customers finally got fed up with IBM and said, You have to sell software and operating systems and applications independent from the hardware.”
Todd McKinnon said about 40% of Okta's business is authenticating customers logging into websites and mobile apps.
“40% of our business is, uh, authenticating and validating customers logging into, you know, customer websites and mobile apps.”
Todd McKinnon said mobile driver's licenses can be unlocked with biometrics and presented to websites as proof of being a real person.
“do a biometric authentication into your mobile driver's license, and then that becomes a very powerful thing to present to a website”
Todd McKinnon said Elon Musk is on trial over his statements about bots on Twitter, now X.
“Elon Musk is is on on trial for talking about bots and how many bots there were.”
Todd McKinnon said digital ID efforts follow EU-wide standards in Europe but are largely handled state by state in the United States.
“in Europe, it's certain standards across the EU, it's in the United States, it's very much f- at a state level.”