TikTok’s Last Stand: Can an Army of Lobbyists Quell a Washington Uprising?Read Now

Briefing
enterprise cloud

Okta to Acquire Identity Management Rival for $6.5 Billion

By
Kevin McLaughlin
· · Source: The Information

Okta, which sells “identity management” software that companies use to let employees log into business apps and keep credentials secure, is making the biggest acquisition in its 12-year history, plunking down $6.5 billion in stock to buy Auth0, a startup that develops similar software. The deal, which amounts to about 20% of Okta’s market capitalization, reflects the growing importance of...

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
startups venture capital
Chatbot Startup Character Seeks $250 Million, Testing Investor Appetite for AI
By Jon Victor, Kate Clark and Erin Woo · Jan. 27, 2023 2:25 PM PST
The cofounders of Character.AI, Noam Shazeer (CEO) and Daniel de Freitas Adiwardana (president) at the company's office in Palo Alto, CA. Photo via Getty.
Character, an AI chatbot startup founded by two former Google researchers, has told investors it wants to raise as much as $250 million in new funding, according to two people with direct knowledge of the matter. The pitch will test investors’ appetite for machine-learning startups as Microsoft’s multibillion-dollar deal with OpenAI casts a halo over the sector. A funding round of...
Latest Briefs
 
Amazon Fresh Hikes Grocery Delivery Fees
By Theo Wayt · Jan. 27, 2023
Shopify CTO Departs Following Layoffs of Technical Leaders
By Ann Gehan · Jan. 27, 2023
Bankrupt Online Wine Seller Winc Finds Buyer For Assets
By Ann Gehan · Jan. 27, 2023
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Microsoft CEO Satya Nadella. Photo by Bloomberg
Exclusive microsoft ai
How Microsoft’s Stumbles Led to Its OpenAI Alliance
By Kevin McLaughlin and Aaron Holmes
For more than a decade, Microsoft Research, the company’s in-house research group, has touted artificial intelligence breakthroughs such as translating speech to text and software that could understand human language or recognize objects in images.
Patreon CEO Jack Conte. Art by Mike Sullivan
Exclusive startups entertainment
At Patreon, Mismanagement Thwarts a Pandemic-Era Star
By Paris Martineau
Two years ago, Jack Conte seemed to have pulled off one of the most remarkable makeovers in recent Silicon Valley memory.
Sumo Logic CEO Ramin Sayar. Photo by Bloomberg.
Exclusive
Thoma Bravo, Vista Approach Sumo Logic About a Possible Buyout
By Maria Heeter and Aaron Holmes
Private equity firms including Thoma Bravo, Vista Equity Partners and Francisco Partners have approached data analytics software company Sumo Logic expressing interest in a possible acquisition, according to a person familiar with the matter.
The back windshield of a Waymo Chrysler Pacifica robotaxi prototype. Photo by Bloomberg
Exclusive google autonomous vehicles
Alphabet’s Waymo Robotaxi Subsidiary Cuts Staff, Including Trucking Engineers
By Jon Victor
Alphabet’s self-driving vehicle unit Waymo quietly laid off staff Monday, continuing a wave of job cuts at the parent company of Google, according to LinkedIn posts from affected employees and one person briefed about the move.
CEO Maju Kuruvilla. Photo: Getty Images
Exclusive startups venture capital
Bolt CEO Cuts Staff a Third Time as Revenue Lags
By Erin Woo
Bolt, the one-click checkout startup that slashed staff at least twice last year as growth fell short of its goals , laid off around 10% of employees on Tuesday, or at least 50 people, according to two people with direct knowledge.
Photo via Shutterstock.
Exclusive microsoft ai
Microsoft Plans Security Features, Wider Release for Its OpenAI-Powered Coding Tool
By Aaron Holmes
ChatGPT has generated headlines and hype since its release last year, with its humanlike responses to written prompts.