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Veza secures $108 million in Series D funding led by New Enterprise Associates, raising its valuation to $808 million. The company strengthens its position in identity security by expanding its Access Platform and winning major enterprise customers. Veza’s growth reflects the rising urgency for advanced identity-focused cybersecurity solutions in a decentralized digital landscape.
Breaking New Ground: Veza’s Massive Series D Raise
Veza announced a $108 million Series D funding round on April 28, 2025, bringing its total equity raised to $235 million. The funding was led by New Enterprise Associates (NEA), with participation from Atlassian Ventures, Workday Ventures, Snowflake Ventures, and existing investors such as Accel, GV (Google Ventures), True Ventures, Norwest, Ballistic Ventures, J.P. Morgan, and Blackstone Innovations Investments. Veza’s valuation now stands at $808 million. The company plans to use the funds to accelerate its global go-to-market initiatives and advance its product development efforts.
Why Identity Security Takes Center Stage
Identity security has emerged as a critical focus area in cybersecurity. Veza highlights that the traditional view of identity as an IT function is outdated, emphasizing that breaches are increasingly linked to credential abuse. According to Gartner, the decentralization of computing resources, entities, and devices necessitates placing identity at the core of cybersecurity strategies. Tarun Thakur, Co-Founder and CEO of Veza, notes that legacy identity access providers are struggling to meet modern security requirements, reinforcing the need for a new approach centered on permissions, entitlements, and real-time activity monitoring.
Meet the Backers Betting Big on Veza
Several prominent firms have joined Veza’s Series D round, underlining strong investor confidence. Key participants include:
- New Enterprise Associates (NEA) — Lead investor, emphasizing Veza’s market disruption and rapid adoption.
- Atlassian Ventures — Highlighting integration potential and real-time access intelligence.
- Workday Ventures — Supporting Veza’s role in securing enterprise identities.
- Snowflake Ventures — Strengthening the alignment with data-driven security models.
- Accel, GV, True Ventures, Norwest, Ballistic Ventures, J.P. Morgan, and Blackstone Innovations Investments — Existing backers who continue to support Veza’s expansion.
Investors recognize Veza’s strong execution, comprehensive platform, and relevance in managing access across complex digital ecosystems.
Inside Veza’s Game-Changing Platform
Veza’s Access Platform provides a unified view by assembling access permissions, authorization data, and activity into a comprehensive data model. The platform is designed to allow enterprises to answer crucial questions about access levels and permissions.
Key features include:
- Access AI — Enabling automation and intelligent decision-making around permissions.
- Access Requests — Simplifying access management across distributed teams.
- Role Recommendations — Offering insights into least-privilege access settings.
- Access Hub — Providing a dedicated interface for managers to oversee access control.
Veza supports more than 250 integrations with platforms such as CrowdStrike, Snowflake, Oracle EBS, Oracle EPM, and Oracle Database. The company manages over 20 billion permissions, helping enterprises tackle the increasing complexity associated with identity security.
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How Veza Wins Big with Fortune 500 Giants
Veza has secured a notable customer base among leading enterprises, including Fortune 500 and Fortune 1000 companies such as Blackstone, Workday, Sallie Mae, and Snowflake. Over the past year, Veza more than doubled its annual recurring revenue (ARR) and achieved an enterprise Net Revenue Retention (NRR) rate nearing 150%. In the December 2024 Gartner Peer Insights Voice of the Customer for Identity Governance and Administration (IGA), Veza earned a 100% Willingness to Recommend score based on 21 reviews.
The company’s approach resonates with organizations across finance, pharmaceuticals, and retail sectors, reflecting broad enterprise adoption.
The Future of Cybersecurity Belongs to Identity
The expansion of SaaS, cloud environments, and AI technologies has intensified the need for advanced identity security solutions. Veza’s model moves beyond user and group directory services by offering comprehensive visibility into entitlements and actions that users can perform. Industry leaders like Kevin Mandia of Ballistic Ventures highlight the need for intelligence-driven identity security platforms capable of managing the growing fragmentation of digital ecosystems.
As enterprises shift towards identity-first security models, Veza’s unified approach provides critical support in maintaining compliance, reducing risk, and ensuring least-privilege access frameworks across decentralized environments.
Charting the Next Chapter in Identity Security Excellence
Following the Series D funding, Veza plans to expand its workforce, adding 30 to 40 hires per quarter throughout the year. The company is focusing on enhancing its Access Platform while scaling operations globally to meet rising demand. With strong endorsements from both customers and investors, Veza is positioned to continue leading the evolution of enterprise identity security at a time when secure access to sensitive data has become a paramount concern.
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