Veza has raised $108 million in a Series D funding round led by New Enterprise Associates (NEA), with participation from Atlassian Ventures, Workday Ventures, Snowflake Ventures, and all existing investors. This latest investment brings Veza’s total funding to $235 million and values the company at $808 million. The funds will be used to support international market expansion and product enhancements. Veza offers a platform that helps organizations manage access rights across systems, providing visibility into permissions and enabling compliance with complex security requirements. Its customers include large enterprises such as Blackstone, Workday, Snowflake, and Sallie Mae.
Veza’s recent growth includes more than doubling its annual recurring revenue, securing 10 new Fortune 500 clients. The company also launched new capabilities including Access AI and Access Hub, and now supports more than 250 software integrations. As enterprises face increasing risks linked to unmanaged access and the rapid use of AI, Veza helps address challenges in permissions and entitlements. Tarun Thakur, Veza Co-Founder and CEO, stated, “In a space crowded with startups and big-name entrants, Veza has emerged as the leader in identity security. Our latest funding is a wake-up call to the industry: the future of security starts with identity, and Veza leads the way.”
