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

$162.6M

Headquarters

Salt Lake City, Utah

Founded

2004

Overview

Venafi focuses on machine identity management, which is essential for cybersecurity. Their platform automates the management of digital credentials, such as cryptographic keys and digital certificates, helping large enterprises secure their IT systems. Unlike competitors, Venafi offers tailored solutions like TLS Protect and CodeSign Protect to address specific security needs. The company's goal is to ensure secure and uninterrupted digital operations for clients across various industries.

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Funded Recently
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Simplify's Take

What believers are saying

  • Increased demand for machine identity management due to rising identity-based cyberattacks.
  • CyberArk acquisition expected to expand Venafi's market with complementary solutions.
  • Venafi's SPIFFE support positions it for growth in cloud-native workload identity security.

What critics are saying

  • Rapid shift to 90-day TLS certificates may lead to security vulnerabilities.
  • CyberArk acquisition could cause integration challenges and service disruptions.
  • AI-driven deception in cyberattacks poses a threat to Venafi's core business.

What makes Venafi unique

  • Venafi specializes in machine identity management, a critical cybersecurity aspect.
  • The company offers automated remediation to reduce risks from compromised machine identities.
  • Venafi's platform provides global visibility of machine identities across diverse environments.

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Funding

Total Funding

$162.6M

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

↑ 1%

1 year growth

↑ 5%

2 year growth

↑ 3%
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.

CyberArk
May 21st, 2024
CyberArk Signs Definitive Agreement to Acquire Machine Identity Management Leader Venafi from Thoma Bravo

Sets New Standard for End-to-End Machine Identity Security Provides Significant Top-Line Growth Synergies and Expected to be Immediately Accretive to Margins Expands CyberArk’s Total Addressable Market with Complementary Machine Identity Solutions CyberArk (NASDAQ: CYBR), the identity security company, today announced it has signed a definitive agreement to acquire Venafi, a leader in machine identity management, from Thoma Bravo. This acquisition will combine Venafi’s best-in-class machine identity management capabilities with CyberArk’s leading identity security capabilities to establish a unified platform for end-to-end machine identity security at enterprise scale. Digital transformation and ongoing cloud migration have led to an exponential increase in the number of machine identities, such as workloads, code, applications, IoT devices and containers. The number of machines is rapidly outpacing the growth in their human counterparts, with more than 40 machine identities for every

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