Veza is a platform for data security created to assist users in sharing and accessing their data in a secure manner. It makes it easier to comprehend, manage, and regulate who is authorized to perform particular actions on different data assets. Veza offers a single view of access rights by arranging authorization metadata across cloud platforms, apps, data systems, and identity providers. Its platform tackles the intricate data security issues that contemporary businesses encounter.
Veza is valued at $808 million after raising $108 million in a Series D fundraising round. New Enterprise Associates (NEA) led the new round, which included existing investors Accel, GV (Google Ventures), True Ventures, Norwest, Ballistic Ventures, J.P. Morgan, and Blackstone Innovations Investments, as well as new investors Atlassian Ventures, Workday Ventures, and Snowflake Ventures.
Maohua Lu, Rob Whitcher, and Tarun Thakur formed Veza in 2020, with its headquarters located in Palo Alto, California, in the United States. According to Tarun Thakur, co-founder and CEO of Veza, “identity used to be an IT function, but it has now become the leading battleground of cybersecurity, with almost every breach linked to credential abuse.”
Beyond typical directory services, which solely concentrate on users and groups, identity must change. Assembling all access permissions, authorization data, and activity into a single data model is the foundation of Veza’s industry-first strategy, which empowers users to make quick, wise decisions that lower risk and uphold least privilege. Veza has become the leader in identity security in a field full of startups and well-known competitors. Our most recent investment serves as a warning to the sector: Veza is at the forefront of identity-based security.