Okta acquires Israeli cyber startup Axiom in $100 million deal
Acquisition strengthens Okta’s Israel R&D hub and expands its cloud-based identity and permissions management capabilities.
Cybersecurity company Okta has acquired Israeli startup Axiom, in a deal estimated at around $100 million. The companies did not disclose the purchase price. Axiom’s employees will join Okta’s Israel-based development center, which was established following Okta’s acquisition of Spera in December 2023. Okta is currently traded with a market cap of around $16 billion.
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Axiom was founded in 2021 by Itay Mesika and Ilan Dardik, who met during their military service in the Israeli air force in 2013. Mesika and Dardik subsequently worked in several industry roles and led teams in fintech and infrastructure companies. Since its inception, the company has raised $10 million, including a $7 million Seed round in December 2022, led by S Capital.
The round attracted several prominent cybersecurity investors, including Srinath Kuruvadi, Head of Cloud Security at Netflix; Nadir Izrael and Yevgeny Dibrov, founders of Armis; Slavik Markovich, Rishi Bhargava, Dan Sarel, and Guy Rinat, founders of Demisto; Ofer Smadari, the co-founder and CEO of Torq, and Sharin Fisher Dibrov. An additional $3 million was raised later but was not publicly announced.
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Axiom provides an identity-based approach to Permissions and Access Management (PAM), specifically designed for cloud, SaaS, databases, containers, and other virtual environments. Its platform enables organizations to implement Least Privilege principles, replace permanent permissions with Just-in-Time (JIT) access, and protect critical infrastructure without creating bottlenecks that slow business operations.
The company’s vision, that access should be secure by default without harming productivity, aligns closely with Okta’s broader mission to lead the identity management market and allow users to securely engage with any technology.
Axiom serves dozens of global clients, including Minute Media, Navan, BPP, Varonis, and Orca Security. Its IAMOps platform automates the management of cloud and SaaS identities, helping security teams maintain minimum permissions at scale while reducing operational burden and minimizing friction for end users.
