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Okta, a provider of cloud-based tools for business to manage employee access of software and devices, has filed for a $100 million IPO.

Offering details: The San Francisco-based company plans to trade on the NASDAQ under ticker symbol OKTA, with Goldman Sachs listed as left lead underwriter.

Financials: Okta is not profitable yet. It reported net losses of $59.1 million and $76.3 million in fiscal 2015 and 2016, respectively, and $54.9 million and $65.3 million for the nine months ended October 31, 2015 and 2016. Okta brought in $41.0 million in revenue during the fiscal year of 2015, and $85.9 million in fiscal 2016.

Backers: Okta has raised $231.5 million in venture capital, and was most recently valued at qlmowt $1.2 billion post-money according to PitchBook. Its investors include Andreessen Horowitz, Greylock Partners, Khosla Ventures, Sequoia Capital, and Floodgate Fund, among others.

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26 mins ago - Science

NASA's Mars helicopter is a test for the future of space exploration

Ingenuity (left) with Perseverance on Mars. Photo: NASA/JPL-Caltech/MSSS

NASA is set to fly the first test flight of its tiny Ingenuity helicopter on Mars Sunday, marking the advent of drones for space exploration.

Why it matters: If successful, this flight will be the first time a human-built aircraft has flown on a world other than Earth, opening the door to new means of exploring planets far from our own.

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1 hour ago - Politics & Policy

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Illustration: Rae Cook/Axios

A new 20-year-forecast for the world: increasingly fragmented and turbulent.

The big picture: A major report put out this week by the National Intelligence Council reflects a present rocked by the COVID-19 pandemic. How the next two decades will unfold depends largely on whether new technologies will ultimately unite us — or continue to divide us.

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Rep. Gaetz declares he's "not going anywhere" amid sex trafficking probe

Rep. Matt Gaetz. Photo: Eva Marie Uzcategui/Bloomberg via Getty Images

Rep. Matt Gaetz (R-Fla.) doubled down Friday night, saying he's not "going anywhere," and vowing, "I have not yet begun to fight," amid a federal investigation into sex trafficking allegations.

What he's saying: “I’m built for the battle, and I’m not going anywhere,” Gaetz, who denies the allegations, said during a Women for America First event at the Trump National Doral Miami resort.