Veza continues to lead in identity security, empowering organizations to achieve least privilege and tackle the growing challenges of identity-based cyber threats.
PALO ALTO, CA – October 30, 2024 – Veza, the identity security company, announces its inclusion in the 2025 Fortune Cyber 60 list, presented by Lightspeed Venture Partners. This prestigious list highlights the fastest-growing private companies in the cybersecurity market. Veza joins the list in the early-growth-stage category, reflecting remarkable impact and growth.
The Cyber 60 list was curated from a competitive field of over 500 venture-backed companies delivering enterprise-grade cybersecurity solutions. Selections were informed by rigorous analysis, including an examination of funding milestones, market valuation, and performance indicators. The evaluation also incorporated surveys on revenue growth rates. The recipients are grouped by company stage: early-stage, early-growth-stage, and growth-stage.
“We’re honored to receive the Cyber 60 recognition for two years in a row, affirming Veza’s market and thought leadership to modernize identity access,” said Tarun Thakur, Co-founder and CEO of Veza. “Identity is the fastest growing threat vector for organizations worldwide. Our platform goes beyond traditional identity tools to find and fix over-permissioning across all the systems in the modern IT landscape. With Access AI – our newest product offering – our customers are able to thrive towards the principle of least privilege and reduce the risk of identity-based cyber attacks.”
Modern Identity Security for Global Enterprises
Identity security has become a top priority for companies that have embraced cloud services, SaaS applications, and AI. According to a report from the Identity Defined Security Alliance (IDSA), 90% of organizations experienced an identity-related incident in the past year, and 84% suffered a direct business impact as a result. To combat this growing problem, companies are investing in modern identity platforms that addresses the needs of next-gen IGA, cloud IAM, and new processes like IAM Hygiene, Access Entitlements Management, Identity Security Posture Management (ISPM), and Identity Threat Detection and Response (ITDR).
Trusted by global organizations like Blackstone, Expedia, and Wynn Resorts, Veza’s Access Platform empowers security and identity professionals with a robust suite of tools and intelligence to visualize, monitor, and control access entitlements across all applications and systems. Covering both human identities such as employees, and non-human identities such as service accounts, Veza provides a unified platform that helps Security Engineering, Security Operations, and IT teams to operationalize the principle of least privilege at scale, adjusting permissions dynamically as business needs evolve.
“To operate with least privilege, companies must be focused on their identity posture. With the modern enterprise moving away from standing access, success now depends on having the appropriate tools and automated solutions,” said Matthew Sullivan, Infrastructure Security Team Lead at Instacart. “Nearly every discovery made by Veza’s AI has prompted an immediate response from our team. With hundreds of thousands of entitlements to oversee, leveraging AI-driven automation has been essential to staying proactive.”
Since its inception, Veza has experienced rapid adoption and rapid growth across Fortune 500 and Global 2000 organizations, with a 300% quarter-over-quarter growth, recently earning the company a spot on Rising in Cyber 2024
Learn more about how Veza is modernizing identity security with the Veza Access Platform or explore our access benchmarks in The State of Access 2024.
About Veza
Veza is the identity security company, helping organizations secure access across the enterprise. Veza’s Access Platform goes beyond identity governance and administration (IGA) tools to visualize, monitor, and control entitlements so that organizations can stay compliant, achieve least privilege, and de-risk the breach. Global enterprises like Wynn Resorts, Expedia, and Blackstone trust Veza to manage identity security posture, with use cases in privileged access management (PAM), non-human identities (NHI), cloud entitlements (CIEM), data system entitlements, SaaS entitlements, and next-gen IGA. Founded in 2020, Veza is headquartered in Los Gatos, California, and is funded by Accel, Bain Capital, Ballistic Ventures, Google Ventures (GV), Norwest Venture Partners, and True Ventures. Visit us at veza.com and follow us on LinkedIn, Twitter, and YouTube.
Media Contact
Jared Blistein
jblistein@veza.com
