In a recent Decoder podcast, Todd McKinnon, CEO of Okta, discussed the growing “SaaSpocalypse” where companies may opt to create their own tools rather than paying for established services like Okta. With a $14 billion valuation, Okta focuses on managing security and identity across applications. McKinnon acknowledges the pressing competition posed by AI solutions, suggesting companies might choose to build their own identity management tools. He emphasizes the challenge and opportunity this presents, particularly with the rise of AI agents needing security and access management. Okta is evolving to meet this demand by introducing new identity types for AI agents, providing secure connections, and ensuring robust permission management, all while maintaining a focus on reliability and integration. McKinnon is optimistic about expanding opportunities within this evolving tech landscape, focusing on agentic enterprises as a burgeoning market.
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