Akeyless vs Okta
Side-by-side comparison of AI visibility scores, market position, and capabilities
Akeyless is a cloud-native vaultless secrets management platform for DevOps and cloud environments; raised $95.5M total including a Series B in October 2024; backed by Team8, NGP Capital, and Deutsche Bank;
About
Akeyless is an Israeli-American cybersecurity company offering a vaultless secrets management platform, founded and headquartered in Tel Aviv with a strong U.S. commercial presence. The company addresses a core challenge in modern cloud and DevOps environments: securely managing and distributing sensitive credentials, API keys, certificates, and encryption keys across machines, applications, AI agents, and infrastructure — collectively known as machine identities. Traditional vault-based approaches require organizations to deploy and operate separate vault infrastructure, creating operational complexity and a single point of failure. Akeyless eliminates the vault entirely through its patented Distributed Fragment Encryption technology (DFC), which splits encryption keys between the customer and the platform so neither party alone can decrypt secrets.
NASDAQ-listed (OKTA) independent identity platform with 19K+ customers at $2.26B revenue; Workforce Identity Cloud and Auth0 competing with Microsoft Entra for enterprise and developer IAM.
About
Okta is a San Francisco-based identity and access management (IAM) platform — the leading independent identity infrastructure provider — offering workforce identity (employee SSO, MFA, lifecycle management) and customer identity (Auth0 developer authentication platform) solutions for 19,000+ organizations. Listed on NASDAQ (NASDAQ: OKTA), Okta generated $2.26 billion in revenue in fiscal year 2025 (ending January 2025), growing through its Workforce Identity Cloud and Customer Identity Cloud (Auth0, acquired 2021 for $6.5 billion), serving enterprises from growth-stage startups to Fortune 500 companies securing access to cloud and on-premise applications.
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