Venafi

Venafi

Machine identity management for cybersecurity

About

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.

Company Stage

Acquired

Employees

201-500

Industries

Data & Analytics, Cybersecurity

Total Funding

$162.6M

Headquarters

Salt Lake City, Utah

Founded

2004


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Simplify's Take

What believers are saying

  • CyberArk's acquisition expands Venafi's market reach and growth synergies.
  • SPIFFE support positions Venafi as a leader in cloud-native security.
  • 90-Day TLS Certificate Renewal Initiative addresses critical industry security changes.

What critics are saying

  • Shift to 90-day TLS certificates may lead to unprepared security vulnerabilities.
  • CyberArk acquisition could cause integration challenges and operational disruptions.
  • Rapid increase in machine identities may outpace Venafi's current capabilities.

What makes Venafi unique

  • Venafi specializes in machine identity management, a critical cybersecurity aspect.
  • The platform automates management of cryptographic keys and digital certificates.
  • Venafi offers solutions like TLS Protect, SSH Protect, and CodeSign Protect.

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Growth & Insights
Headcount

6 month growth

-2%

1 year growth

0%

2 year growth

-5%

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