Okta buys AI security startup Permiso; source says for about $200M
Okta has agreed to acquire AI identity security startup Permiso Security for approximately $200 million in an all-cash deal. The acquisition aims to bolster Okta's ability to secure AI agents and machine identities within enterprise cloud environments.
Why it matters
As enterprises increasingly deploy autonomous AI agents, securing non-human identities has become a critical frontier in cybersecurity.
Okta on Thursday agreed to acquire AI identity security startup Permiso Security , betting that demand for protecting AI agents and other machine identities will grow as enterprises deploy autonomous software across their operations.
The identity management company did not disclose the terms of the transaction. But TechCrunch has learned that the acquisition is valued at just under $200 million and is structured as an almost all-cash deal, according to a source with knowledge of the deal. A spokesperson for Okta did not dispute the figure when asked by TechCrunch, but would not comment on specifics of the deal terms.
The deal is expected to close in the third quarter of its fiscal 2027, Okta said, subject to customary closing conditions.
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