Veza, a San Francisco based startup selling technologies to manage identity security for cloud data, has raised $108 million in a Series D funding round led by New Enterprise Associates (NEA).
The new financing includes equity stakes for existing backers Accel and GV (Google’s venture fund), True Ventures, Norwest, Ballistic Ventures, J.P. Morgan, and Blackstone Innovations Investments.
The company said its valuation is now $808 million.
Veza has raised $235 since its launch in 2020 with software that maps, visualizes and enforces data permissions across enterprise SaaS applications and cloud platforms.
Tarun Thakur, Veza’s co-founder and CEO, argues that identity management has become the leading battleground of cybersecurity, with almost every breach linked to credential abuse.
Thakur and Veza’s backers are extending a bet that traditional identity-access management providers built for on-premises IT are falling short in the cloud, leaving companies struggling to protect sprawling data with outdated tools.
Thakur said Veza’s platform assembles every user permission and access event into a unified model, which allows security teams to make faster, more fine-grained decisions about who should have access to what.
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