Sep 5, 2017

Accel and KKR back an Okta challenger

ForgeRock, a seven-year-old company that sells "identity management" tools to other businesses, has raised $88 million in new venture capital funding. Accel led the round, and was joined by KKR and return backers Meritech Capital Partners and Foundation Capital.

Identity management: ForgeRock and its competitors sell cloud-based tools that let businesses manage employee access of software and devices.

Next in IPO line? The new funding brings ForgeRock's total to $140 million, and comes five months after rival Okta went public. In fiscal 2016, ForgeRock says it generated north of $100 million in revenue, which is more than the $85.9 million Okta did in the same period (the former hasn't disclosed a profit or loss, however).

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Kenan Thompson and Hasan Minhaj to headline White House Correspondents' Dinner

Kenan Thompson on "SNL" in 2018. Photo: Rosalind O'Connor/NBC via Getty Images

Kenan Thompson, the longest-tenured "Saturday Night Live" cast member, will host the White House Correspondents' Association dinner on April 25.

And Hasan Minhaj — host of Netflix’s "Patriot Act with Hasan Minhaj," and the entertainer at the 2017 dinner — will return as featured entertainer.

"Billions": Season 2020

Mike Bloomberg speaks at Hardywood Park Craft Brewery in Richmond, Va., on Saturday. Photo: James H. Wallace/Richmond Times-Dispatch via AP

Money alone can’t buy a presidential election, but it surely gets you VIP access.

Why it matters: Billionaire Michael Bloomberg is duking it out with Billionaire Donald Trump, often on Billionaire Jack Dorsey’s Twitter and in ads on Billionaire Mark Zuckerberg’s Facebook, all chronicled in Billionaire Jeff Bezos’ Washington Post. 

Biometrics invade banking and retail

Illustration: Eniola Odetunde/Axios

Banks have been quietly rolling out biometrics to identify customers — verifying them by their fingerprint, voice or eye scan — and retailers like Amazon are getting into the game.

Why it matters: These companies are amassing giant databases of our most personal information — including our gait, how we hold our cellphones, our typing patterns — that raise knotty questions about data security and privacy.