Identity security platform Veza has raised $108 million in a Series D round, bringing its total equity funding to $235 million. The round was led by New Enterprise Associates (NEA), with participation from new investors Atlassian Ventures, Workday Ventures, and Snowflake Ventures. Existing backers like Accel, GV (Google Ventures), True Ventures, Norwest, Ballistic Ventures, J.P. Morgan, and Blackstone Innovations Investments also joined.
Veza’s latest funding pushes its valuation to $808 million, reflecting strong investor confidence in its growing influence across the cybersecurity space.
The company plans to use the new capital to accelerate its go-to-market efforts globally and continue expanding its product development initiatives, solidifying its position as a key player in the identity security sector.
As more enterprises face complex access and data protection challenges, Veza’s unified platform addresses a growing need for modern identity security.
“Identity used to be an IT function, but it has now become the leading battleground of cybersecurity," said Tarun Thakur, Veza Co-Founder and CEO. “Veza’s industry-first approach is rooted in assembling all access permissions, authorization data, and activity into a unified data model, enabling customers to make fast, intelligent decisions that reduce risk and enforce least privilege."
With the adoption of cloud services, SaaS platforms, and Gen AI technologies, traditional identity solutions are struggling to keep pace. Veza’s momentum signals a shift towards more intelligent, permissions-based security strategies.
Veza plans to allocate the funds towards global expansion, strengthening its market presence across key regions. A significant portion will also go toward growing its product offerings, with particular focus on Access AI, Access Requests, and expanding integrations with enterprise platforms.
In addition to hiring 30 to 40 new employees every quarter, the company aims to deepen relationships with Fortune 500 and Fortune 1000 clients by offering even more robust identity security solutions tailored to modern enterprise needs.
Founded in 2020 and headquartered in Los Gatos, California, Veza was established to address the widening gaps in enterprise identity security. Co-founded by Tarun Thakur, the company quickly gained recognition for helping organizations manage entitlements, SaaS access, and secure privileged accounts with a clear, unified approach.
Today, Veza works with major brands like Blackstone, Workday, Snowflake, and Sallie Mae. Its Access Platform moves beyond traditional identity governance by focusing on what actions users can perform with their access—not just who has access.
The company now manages over 20 billion permissions, offering insights that help enterprises gain full visibility and control over their digital environments.
Veza’s impressive trajectory has been backed by some of the industry’s most recognized investors. New Enterprise Associates (NEA) led the latest round, joined by Atlassian Ventures, Workday Ventures, and Snowflake Ventures. Previous rounds were supported by Accel, GV, True Ventures, Norwest, Ballistic Ventures, J.P. Morgan, and Blackstone Innovations Investments.
The Series D funding marks a continuation of Veza’s rapid revenue and customer growth, with a net revenue retention nearing 150% and a growing roster of enterprise clients across multiple industries, including finance, pharmaceuticals, and retail.
