Okta to buy AI identity startup Permiso for ~$200M
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- Okta agreed on Thursday to acquire AI identity security startup Permiso Security, per a source familiar with the deal
- The acquisition is valued at just under $200M, according to the same source
- The deal is structured as an almost all-cash transaction, rather than a stock-based exchange
- TechCrunch's parallel headline converges on the same ~$200M figure from an unnamed source, the only deal value published across available coverage
Why it matters: Okta is putting close to $200M in cash on the table to fold Permiso's AI identity security capabilities into its platform, choosing to draw on its balance sheet rather than issue equity — a meaningful deployment of capital for a deal in the AI security niche.
