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About Veza
Industries
Enterprise Software
Cybersecurity
Company Size
201-500
Company Stage
Series D
Total Funding
$233M
Headquarters
Palo Alto, California
Founded
2020
Overview
Veza offers a cloud-based platform focused on identity access management (IAM) through its Veza Access Control Platform. This platform helps organizations monitor who has access to their resources, allowing for real-time tracking of excessive access and potential identity threats. It is particularly useful for large enterprises with complex cloud environments, as it integrates with various enterprise systems to provide a comprehensive view of access permissions. The platform utilizes an Authorization Graph to organize authorization data for real-time analysis. Veza operates on a subscription model, ensuring a consistent revenue stream while allowing clients to scale their usage as needed. Additionally, it automates access reviews and manages the identity lifecycle, which helps reduce administrative tasks and downtime. Veza has established credibility in the industry, having been chosen by Blackstone to secure their data.
Simplify's Take
What believers are saying
- Veza secured $108M in Series D funding, positioning for U.S. and international expansion.
- Integration with Snowflake enhances AI-powered identity security features and access governance.
- Partnership with GuidePoint Security expands market reach and strengthens identity security offerings.
What critics are saying
- Increased competition from AI-driven startups could challenge Veza's market position.
- Rapid AI evolution may outpace Veza's capabilities, requiring continuous innovation.
- Growing regulatory scrutiny on AI and data privacy could increase compliance costs.
What makes Veza unique
- Veza's platform offers real-time monitoring of over-privileged access and identity threats.
- The Authorization Graph provides a unified view of access permissions across enterprise systems.
- Veza automates access reviews, reducing administrative overhead and potential downtime.
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Funding
Total Funding
$233M
Above
Industry Average
Funded Over
3 Rounds
AccelIndustry standards
Benefits
Company Equity
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↓ -3%2 year growth
↑ 4%Cybersecurity startup Veza secured a $108 million funding round backed by Atlassian, Snowflake, and Workday, reflecting the sector's growing importance amid rising AI-driven threats. Cybercrime is projected to reach a $24 trillion problem by 2027, with AI attacks occurring every 39 seconds. Data breaches cost an average of $4.45 million per incident. Cybersecurity is now a top priority for investors and executives, with budgets increasing significantly.
Veza, a pioneer in identity security, today announced a $108 million Series D investment led by New Enterprise Associates (NEA), with strong participation fr...
Snowflake Ventures has invested in Veza to enhance identity security and access governance for corporate security teams. This partnership allows Snowflake customers to simplify employee onboarding and access provisioning, ensuring least privilege access to sensitive data. Veza integrates with Snowflake to provide comprehensive access visibility and compliance support, especially in regulated industries. The collaboration will also leverage Snowflake Cortex AI to enhance Veza's AI-powered features.
Veza raised $108M in Series D funding, led by NEA with participation from Atlassian Ventures, Workday Ventures, and Snowflake Ventures.
Veza, a security startup, raised $108 million in a funding round led by New Enterprise Associates, with participation from Atlassian, Snowflake, and Workday. Valued at over $800 million, Veza's software helps manage employee access to technology. Snowflake has used Veza for two years to manage data access. The funding will aid Veza's expansion in the U.S. government and internationally. Atlassian's venture arm sees potential in Veza, though it's not yet a client.
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About Veza
Industries
Enterprise Software
Cybersecurity
Company Size
201-500
Company Stage
Series D
Total Funding
$233M
Headquarters
Palo Alto, California
Founded
2020
Veza is Hiring for 36 Jobs on Simplify!
Find jobs on Simplify and start your career today