Identity Solution Provider Reveals New $50 Mln Fund, Blockchain Firm Is First Investment

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San Francisco-based enterprise identity solution provider Okta has launched a $50 million investment fund and announced its first investment in Trusted Key, a blockchain-based digital identity firm. The news was revealed in an official Okta announcement shared with Cointelegraph on April 3.The new investment fund, dubbed “Okta Ventures,” will reportedly focus on firms that drive innovation for identity solutions via technologies such as blockchain, artificial intelligence and machine learning.With a focus on early stage investment, Okta Ventures will reportedly offer financial backing as well as offering use of Okta software, SDK and API design partnerships and sharing expertise.Trusted Key, the fund’s first investment (amount unspecified), is a blockchain firm founded in 2016 by former executives from Microsoft, Oracle and Symantec. The company offers decentralized identity solutions that combine mobile and blockchain technologies within a secure platform.Trusted Key’s solutions reportedly aim to enable organizations to work together in ecosystems where “strongly…

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