How do you achieve the principle of least privilege? One access permission at a time.
Today, I am thrilled to share a significant milestone in Veza’s journey: we have raised $108 million dollars in Series D funding, led by New Enterprise Associates (NEA) with participation from all our existing investors—including Accel, GV (Google Ventures), True Ventures, Norwest Venture Partners, Ballistic Ventures, J.P. Morgan, and Blackstone Investments. We also welcomed new strategic investors, including Atlassian Ventures, Workday Ventures, and Snowflake Ventures.
This investment fuels our continued GTM expansion and accelerates R&D across key innovation areas, including NHI Security, AI Governance, and Agentic AI Security. It also helps accelerate our focus on addressing the existing identity initiatives of next-gen IGA, cloud PAM, SaaS Security, and Cloud Entitlements Management.
This new funding also marks an exciting next step in our mission to revolutionize and reimagine identity security. I am very proud of all that we have achieved as Vezanites, but we are just getting started on our north star journey to fundamentally transform identity forever.
Identity is eating security
In the same way that Andreessen Horowitz famously said, “software is eating the world,” what we’re seeing now is that identity is eating security and leaving no crumbs. Identity represents a massive blind spot for enterprises and is now the primary attack vector.
Every modern business initiative starts with identity, yet identity access remains one of the most under-protected and misunderstood aspects of enterprise security. Privilege abuse, insider threats, and credential compromise are just some of the consequences of fragmented identity systems that fail to account for the growing complexity of cloud infrastructure, SaaS sprawl, and non-human identities.
Despite decades of progress in network security, endpoint protection, and threat detection, no one has truly addressed the foundational challenge of identity: understanding “who has access to what across modern, complex environments”. Permissions are the currency of access, yet every system—from cloud platforms to SaaS applications—defines and manages them differently. This represents Veza’s insights and intuition – that to transform identity we need to go beyond the directory services and users and groups —> to understanding system-specific permissions, which requires a novel and seminal approach: the Veza Access Graph.
When we started Veza in 2020, authorization had the curiosity of the industry. Today it has their attention – identity security now stands at the center of CISOs’ top priorities.
With over 16 billion permissions under management and partnerships with some of the world’s most forward-thinking organizations, including multiple Fortune 500 companies like Blackstone, Capital One, Expedia, Workday, and Snowflake, we’ve built an industry-first platform capable of connecting the dots between access and data.
The road ahead
Today, we are proud of what we’ve achieved, but there is still a lot of work to do. This new investment is crucial to accelerating our mission. With this funding, we will continue to innovate our platform to stay ahead of evolving threats and increasingly complex digital environments. We will expand our products to address business initiatives and technical initiatives across “something old” – IGA, PAM, IAM; and “something new” – SaaS Security, NHI Security, AI Governance, Agentic AI Security, and more. We understand cybersecurity is a team sport, and we will invest in building the right partnerships to accelerate identity transformation.
I want to extend my deepest gratitude to our customers, our investors, and our employees, known as “Vezanites.” Your continued support, guidance, and dedication are helping to ensure that organizations have the right tools to protect their most valuable assets: their data and their identities. The world is changing, and Veza could not drive the identity transformation without your faith and support in our mission.
This is just the beginning for us – even more excited today than we were when we founded Veza! Our mission is to Secure Identities through Achieving Least Privilege, and our roadmap continues to be – more access security products, more access governance products, more integrations for all enterprise systems, more identities across human and non-human and machines, and more innovations for the Agentic AI era.
GO VEZA! Learn more in the official announcement
