Identity Security Company Veza Raises $108 Million, Backed By Snowflake, Atlassian, And Workday

The identity security startup Veza has raised $108 million in a recent Series D funding round, bringing its valuation to $808 million. The round was led by New Enterprise Associates and included participation from new investors as well as leading cloud companies such as Snowflake, Atlassian, and Workday.

According to the press release, Veza plans to use the new investment to expand its go-to-market strategies and further develop its products.

Founded in 2020 and headquartered in California, the startup has developed a platform that provides companies with identity governance and administration tools to track access across cloud environments. Its AI-powered software integrates with multiple platforms, helping protect data across diverse technologies.

Veza works with global clients such as Expedia and Wynn Resorts, managing identity security cases. In the recent funding round, additional tech companies joined the project, while existing investors—including Google Ventures, Capital One Ventures, and J.P. Morgan—also participated.

“Despite identity security being one of the most dynamic and critical sectors in cybersecurity, today’s legacy identity access providers are falling short of meeting modern security needs,” said Aaron Jacobson, Partner at New Enterprise Associates. “As enterprises prioritize secure and compliant data access, Veza has demonstrated unmatched product innovation and the ability to deliver impactful solutions for global organizations.”

Veza has shown significan growth in the past year, more than doubling its annual revenue compared to the previous period, securing new customers and large companies in multiple sectors such as retail, finance, and pharmaceuticals, and expanding its partnerships with previous clients. The company has over 190 employees worldwide and expects to hire over 30 new workers every quarter in 2025.

Veza has raised $108 million in Series D!

This isn’t just a milestone for us—it’s a signal to the world that identity is at the center of cybersecurity. We’re grateful to our customers, investors, and community for backing our mission.https://t.co/FJxEjIsSAS pic.twitter.com/BBccsI3qW2

— Veza (@vezainc) April 28, 2025

“Identity used to be an IT function, but it has now become the leading battleground of cybersecurity, with almost every breach linked to credential abuse,” said Tarun Thakur, Veza Co-Founder and CEO.  “Our latest funding is a wake-up call to the industry: the future of security starts with identity, and Veza leads the way.”

Indeed, identity has been a critical and growing concern. CrowdStrike’s latest Global Threat Report revealed that identity-based attacks are on the rise, and cloud services have become an attractive target for malicious actors.