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Veza Announces Strategic Investments From Capital One Ventures And Servicenow Ventures

Aug 10, 2023•almost 2 years ago
Redwood ShoresSecurityInformation TechnologySoftware

Investors

Gillian RobertsService Now VenturesCapital One Ventures

Description

Veza, the identity security company, today announced that Capital One Ventures and ServiceNow Ventures have made strategic investments in Veza, bringing the company’s total financing to $125 million. The capital will be used to accelerate Veza’s product development, develop integrations for enterprise systems, and increase go-to-market capacity as it continues to meet demand for its enterprise identity security platform.

Company Information

Company

Veza

Location

Redwood Shores, California, United States

About

Veza is the leader in identity security, 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 and achieve least privilege. Global enterprises like Wynn Resorts, Expedia, and Blackstone trust Veza to manage identity security use cases, including privileged access monitoring, non-human identity (NHI) security, access entitlement management, data system access, SaaS access security, IAM hygiene, identity security posture management (ISPM), and next-generation IGA. Founded in 2020, Veza is headquartered in Los Gatos, California, and is funded by Accel, Bain Capital, Ballistic Ventures, Google Ventures (GV), NEA, Norwest Venture Partners, and True Ventures.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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