Veza has secured $108 million in Series D funding, reaching an $808 million valuation, to expand its identity security platform globally. The funding round, led by New Enterprise Associates (NEA), also included strategic investments from Atlassian Ventures, Workday Ventures, and Snowflake Ventures, alongside continued support from existing backers such as Accel, GV, True Ventures, Norwest, Ballistic Ventures, J.P. Morgan, and Blackstone Innovations Investments. This latest investment brings Veza’s total funding to $235 million.Veza provides a unified identity security platform designed to address critical security challenges faced by enterprises. By consolidating permissions, authorization data, and user activity into a single data model, Veza enables organizations to make more informed and secure access decisions. This approach aims to mitigate the widespread risk of credential abuse, which remains a leading factor in security breaches.The company has experienced rapid growth, with significant adoption across Fortune 500 and Global 2000 enterprises. Notable customers include Blackstone, Workday, Sallie Mae, and Snowflake. Veza's success has been underscored by its expansion into sectors like finance, pharmaceuticals, and retail, adding numerous high-profile enterprises to its customer base. In 2024, Veza more than doubled its annual recurring revenue (ARR) and achieved nearly 150% net revenue retention, reflecting strong market adoption and customer satisfaction. Additionally, the company has continued to expand its workforce and now employs more than 190 people globally.Veza recently enhanced its product offerings with the introduction of Access AI, Access Requests, Role Recommendations, and Access Hub, which streamline identity governance and administration. The platform now supports over 250 integrations, including key technologies such as CrowdStrike, Snowflake, Oracle EBS, Oracle EPM, and Oracle Database.Last month, Veza also launched Veza Identity Partner Program (VIPP), designed to support channel partners and resellers in delivering identity security solutions. The program specifically targets Value-Added Resellers (VARs), Global System Integrators (GSIs), Cloud Service Providers (CSPs), and Strategic Alliances. VIPP focuses on facilitating scalability, fostering innovation, and creating high-margin opportunities for partners. It emphasizes simplicity in engagement, comprehensive enablement through role-based training, co-developed solutions tailored to enterprise customers, and built-in integrations with platforms like AWS, Microsoft Azure, Salesforce, Oracle, and CrowdStrike. The initiative aims to equip partners with resources to effectively address identity security challenges faced by their enterprise customers.
Channel investors, MSSP, MSP, Identity
Veza’s Funding Boost Highlights Growing Demand for Advanced Identity Security
(Adobe Stock)
An In-Depth Guide to Identity
Get essential knowledge and practical strategies to fortify your identity security.
Suparna Chawla Bhasin
Suparna serves as Senior Managing Editor for CyberRisk Alliance’s Channel Brands, including MSSP Alert and ChannelE2E. She plays a key role in content development, optimizing editorial workflows, aligning storytelling with audience needs, and collaborating across teams to deliver timely, high-impact content. Her background spans technology, media, and education, and she brings a unique blend of strategic thinking, creativity, and executional excellence to every project.
You can skip this ad in 5 seconds