Venafi

Venafi

Machine identity management for cybersecurity

About Venafi

Simplify's Rating
Why Venafi is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Data & Analytics

Cybersecurity

Company Size

201-500

Company Stage

Acquired

Total Funding

$1.7B

Headquarters

Salt Lake City, Utah

Founded

2004

Overview

Venafi focuses on managing machine identities, which are digital credentials used by devices and applications for secure authentication and communication. Its platform automates the management of cryptographic keys and digital certificates, offering solutions like TLS Protect and CodeSign Protect to address specific security needs. Unlike competitors, Venafi specializes in this niche area of cybersecurity, which is increasingly vital as digital transformation and cyber threats grow. The company's goal is to enhance enterprise security by ensuring the proper management of machine identities, preventing outages, and securing DevOps processes.

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Significant Headcount Growth
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Simplify's Take

What believers are saying

  • Increased demand for machine identity solutions due to rising identity-based cyberattacks.
  • CyberArk acquisition expands Venafi's market with complementary identity security solutions.
  • New product capabilities position Venafi as a leader in multi-cloud and post-quantum security.

What critics are saying

  • AI-driven identity attacks threaten machine identity management effectiveness.
  • Shift to 90-day TLS certificates challenges organizations, risking security lapses.
  • CyberArk acquisition may disrupt Venafi's operations during integration.

What makes Venafi unique

  • Venafi specializes in machine identity management, a critical cybersecurity aspect.
  • The platform automates cryptographic key and digital certificate management for secure communications.
  • Venafi offers solutions like TLS Protect, SSH Protect, and CodeSign Protect for specific needs.

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Funding

Total Funding

$1707.2M

Above

Industry Average

Funded Over

5 Rounds

Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition Funding Comparison
Coming Soon

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

5%

2 year growth

4%
IT Brief
Mar 3rd, 2025
Venafi launches SaaS machine identity products in Australia

Venafi launches SaaS machine identity products in Australia.

VentureBeat
Feb 20th, 2025
Identity Is The Breaking Point — Get It Right Or Zero Trust Fails

This article is part of VentureBeat’s special issue, “The cyber resilience playbook: Navigating the new era of threats.” Read more from this special issue here.Deepfakes, or AI-driven deception and weaponized large language models (LLMs) aren’t just cyber threats; they’re the new weapons of mass exploitation. Adversaries aren’t just hacking systems anymore; they’re hacking people and their identities.Impersonating executives, bypassing security with stolen credentials and manipulating trust at scale are all redefining the new threatscape. It’s an all-out cyberwar with identities hanging in the balance. AI and generative AI are giving adversaries an edge in how quickly they can fine-tune and improve their tradecraft.The result: Massive breaches and ransomware demands that are setting new records and fueling double extortion demands.CrowdStrike’s 2024 Global Threat Report highlights this concern, revealing that 60% of intrusions now involve valid credentials, revealing the growing threat of identity-based attacks. Jeetu Patel, Cisco’s EVP and CPO, describes the fundamental problem enterprises face: “The attacks are getting very coordinated, but the defenses are very isolated. That dissonance is not a healthy distance to have.”Shlomo Kramer, cofounder and CEO of Cato Networks, echoed that view: “The era of cobbled-together security solutions is over.” Cato’s rapid growth underscores how businesses are moving to unified, cloud-based security to eliminate these gaps.Adversaries ranging from rogue attackers to nation-state cyberwar units are prioritizing the exfiltration of identities at scale and profiting from them for financial and political gain (sometimes both).It’s on security leaders and their teams to shift their security postures to adapt and stop identity-driven attacks, beginning with continuous authentication, least privilege access and real-time threat detection

GlobeNewswire
Jan 21st, 2025
DigiCert Announces Key Leadership Appointments to Drive Growth in EMEA and APAC

Holt joins DigiCert from Venafi, where he served as Vice President of Sales, covering both the EMEA and APAC markets.

CIO First
Oct 3rd, 2024
Venafi Unveils New Product Capabilities to Help Organizations Prepare for a Multi-Cloud and Post-Quantum Future

Venafi, a CyberArk company, introduced new product capabilities in its Control Plane for Machine Identities during the 2024 Machine Identity Security Summit.

Chronicle-Tribune
Jul 30th, 2024
Organizations Are Unprepared for the Shift to 90-Day TLS Certificates and Post-Quantum Cryptography, New Venafi Research Reveals

Venafi, the leader in machine identity security, today released a new research report, Organizations Largely Unprepared for the Advent of 90-Day TLS Certificates.

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