Data Security Firm Veza Emerges From Stealth With $110 Million in Funding

Data security company Veza has emerged from stealth mode after raising more than $110 million in funding.

The investment came from venture firms such as Accel, Ballistic Ventures, Bain Capital, Norwest Venture Partners, GV, and True Ventures, as well as from various angel investors.

Founded in 2020, Veza is set to address a critical aspect of data security, namely authorization. With support for both on-premises and cloud systems, the platform helps organizations manage identities and accounts across systems, applications, and services.

Veza also provides real-time information on who has access to data, least-privilege violation alerts, access governance and privilege management, and remediation capabilities.

The company says its product is already used by major organizations.

“We needed to understand how users and service accounts have been entitled to specific data. Veza is the only tool I’ve seen that can show you both parts of the picture,” said Steven Guy, VP of security solutions at InComm Payments, a Veza customer.

“One part is the people or accounts who are supposed to have access as part of a security group. And then there’s the flip side where you look at it from the data end and say, this is who also has access, and this is how that access was granted. Veza is the clearest view I’ve ever seen for data access,” Guy added.

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